Restored Salon Offering Versatile Uses

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Office
Catylist Listing ID: 30772482
Property Subtypes: Free-Standing Building, Other
Status: Pending/Contingent
Building Size (RSF): 1,728 SF
Gross Building Area: See Agent
Gross Land Area: 7,207 SF
Sale Price: $317,000
Unit Price: $183.45 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/27/2022

Overview / Comments

Formerly Jacelyn's Cut and Curls, this is a fully restored salon that features all new flooring, new interior and exterior lighting, new bathroom, plumbing and electrical repairs, and a re-graded parking lot. High-end salon chairs featured in listing photos are included. This charming salon fronts Cecil Ave with paved parking alongside the building on Luttrell St and a gravel parking lot behind the building for additional parking. The property also features a small studio apartment in the back with approximately 500 SF of space with a kitchen and bathroom. This space could be used as an extra source of rental income or be joined with the main commercial area for more business space or a break room area. Other uses could include studio, retail, or office. Located right off N Broadway, 0.2 miles from the Hall of Fame Dr Exit off I-40.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $1,228 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 081EE006
Zoning: C-G-2
Area Description: From I-40 E, take Exit 389 toward US-441 N/Broadway Use any lane to turn left onto Hall of Fame Dr Slight right onto N Broadway Turn right onto Cecil Ave In 259 Feet, destination will be on the right
Total Number of Buildings: 1
Property Condition: Good
Year Built: 1910
Year Renovated: 2020

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,095 86,172 162,030
Median Age: 38.23 33.18 35.1
Households: 5,736 35,619 68,856
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