REDUCED PRICE! UNIQUE COMMERCIAL WITH DEVELOPMENT OPPORTUNITY
Retail-Commercial
for Sale
Sale Pending/Contingent
Also listed as Business Opportunity, Office
| Catylist Listing ID: |
30762950 |
| Property Subtypes: |
Day Care Facility, Free-Standing Building, Restaurant
|
| Status: |
Pending/Contingent |
| Building Size (RSF): |
7,029 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
38,696 SF
|
| Sale Price: |
$995,000 |
| Unit Price: |
$141.56 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/22/2023 |
Overview / Comments
This charming red brick building features white trim, beautiful arched brick covered walkways, and a green courtyard space. The unique building layout with ample parking has the potential to be re-purposed for many different uses. Main retail space was a former church sanctuary area and features beautiful tongue and groove wood vaulted ceilings currently covered with acoustic tiles but can be exposed. With an additional lot opposite the building and main parking lot, there is also potential for expansion and further development. Originally a church, this building has been a community fixture and well-known for attracting business on a busy Knoxville thoroughfare. Convenient to downtown.
Also available for Lease.
|
Financials
| Finance Data Year |
2019 |
| Real Estate Taxes - Annual($) |
$6,131 (Annual) |
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Tax ID/APN: |
093DG006 (0); 093DG008 (3600); 093DG007 (3606) |
| Zoning: |
C-G-1 |
| Feet of Frontage: |
299 |
| Site Description: |
3 lots: 1 lot with building and small back parking lot, 1 lot with building frontage and parking, and 1 empty lot with green space. Alleyway in back that connects all 3 sections of the property. Total parking spaces are 26 with 1 ADA compliant handicap space. Additional parking available. |
| Area Description: |
Western Ave/Oak Ridge Highway, main Knoxville thoroughfare, directly off the interstate with retail and restaurants on either side and across the street and residential neighborhood behind the building.
From downtown, take I-40W toward Nashville, at exit 385 take ramp for I-75 North/I-640 East towards Lexington; at exit 1, take ramp right and follow signs for Western Ave (TN-62), take right onto Western Ave and continue straight 0.8 miles and destination will be on the right just past Weigel's. |
| Total Number of Buildings: |
1 |
| Property Condition: |
Average |
| Year Built: |
1950 |
| Roof Type: |
Other |
| Construction/Siding: |
Brick |
| Total Parking Spaces: |
26 |
| Parking Type: |
Surface |
| Heat Type: |
Natural Gas |
| Lot Frontage: |
299 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
7,250 |
82,126 |
185,793 |
| Median Age: |
29.27 |
31.68 |
34.72 |
| Households: |
3,052 |
33,531 |
79,945 |
|
© Copyright 2001-2023 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Knoxville Area Association of REALTORS® nor
Moody's assume any liability for errors or omissions.
|
