South Knoxville Redevelopment Opportunity
Retail-Commercial
for Sale
Sale Pending
| Catylist Listing ID: |
30804522 |
| Property Subtypes: |
Free-Standing Building
|
| Status: |
Pending |
| Building Size (RSF): |
5,000 SF
|
| Gross Building Area: |
5,700 SF |
| Gross Land Area: |
0.24 Acres
|
| Sale Price: |
$500,000 |
| Unit Price: |
$100 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Business |
| Sale Terms: |
Undisclosed |
| Cap Rate: |
Undisclosed |
| Last Updated: |
6/30/2022 |
Overview / Comments
|
Offered for the first time in 42 years! This is the perfect location to develop your retail store, brewery, restaurant, or multifamily project in one of the hottest redevelopment areas of Knoxville. Or utilize the already existing 5,700 sq. ft. building and put yourself in the middle of this emerging area. Located next to City South and on the same side of Sevier Ave as Loveliest Bridal Boutique, Hi-Wire Brewing, Red Bud Kitchen, Everything Mushrooms, Southside Garage, Southland Fitness, Simpl, and Alliance Brewing. Located just minutes away from Sutree’s Landing Park and the future site of a 230 unit apartment building next to the Tennessee River. Don’t let this opportunity pass you by. This property is being sold “as is”. The buyer will be responsible for verifying property information.
|
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Tax ID/APN: |
095PE027 |
| Zoning: |
SW-3 |
| Retail Clientele: |
General |
| Property Located Between: |
Chapman Highway and James White Parkway |
| Property Visibility: |
Good |
| Largest Nearby Street: |
Chapman Highway |
| Traffic/Vehicle Count: |
5,499 |
| Airports: |
McGhee Tyson |
| Area Description: |
Located just 4 mins from downtown, near the corner of Davenport Rd. and Sevier Ave. in the up-and-coming south Knoxville waterfront district, this property is also easily accessible to I-40 and I-75, both are within a 10 minute drive. The University of Tennessee's Knoxville campus is a quick 5 minute drive away, making this property prime local for a post game destination. |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
5,700 SF |
| Property Condition: |
Fair |
| Year Built: |
1980 |
| Total Parking Spaces: |
10 |
| Parking Type: |
Surface |
| Zoning Description: |
South Waterfront |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
11,621 |
72,617 |
144,145 |
| Median Age: |
27.56 |
31.83 |
35.15 |
| Households: |
4,814 |
28,844 |
61,365 |
|
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