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

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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


Photograph of Listing Agent

Keith Cunningham

Avison Young KAAR CIE Member
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