521 Commerce St. Loudon

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30704021
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Status: Pending
Building Size (RSF): 10,132 SF
Gross Building Area: See Agent
Gross Land Area: 3 Acres
Sale Price: $175,000
Unit Price: $17.27 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/19/2021

Overview / Comments

Own a piece of Historic Loudon!!!This property was once the Loudon High School and sits on 3 acres looking over the city. Purchased and renovated in 2015 owner is selling at a significant reduction due to wind and water damage to roof and building recently. Value for Land only. Currently zoned R-1 but could possibly be zoned otherwise with local government approval. Possible uses are church, single-family or multi-family, general education, daycare, library or offices. Selling as is with no repairs.

Additional Details

Nearest MSA: Knoxville
County: Loudon
Tax ID/APN: 041A A 01000
Retail Clientele: General, Family, Business, Other
Property Located Between: Commerce Street and W Fort Hill
Property Visibility: Good
Largest Nearby Street: 521 Commerce Street
Highway Access: Near Highway 11 in City of Loudon. Interstate 75 Nearby.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1952
Year Renovated: 2015
Construction/Siding: Brick
Total Parking Spaces: 50
Parking Type: Surface, Other
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, Satellite
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,211 8,294 30,464
Median Age: 46 41.73 43.92
Households: 888 3,218 12,401


Photograph of Listing Agent

Marcie Nichols

Keller Williams KAAR CIE Member
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