Red-Light Corner Property - Single Family Home (Price reduced to $25k)

Retail-Commercial for Sale
Catylist Listing ID: 30811167
Property Subtypes: Day Care Facility, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Vehicle Related, Other
Building Status: Proposed
Building Size (RSF): 625 SF
Gross Land Area: 0.12 Acres
Sale Price: $249,900
Unit Price: $399.84 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/16/2022

Overview / Comments

Price Reduced ****Rare to find hard red-light corner property in Marble City at Sutherland Avenue and Liberty Street. Currently improved with a small house that could be expanded, used for commercial or leased as residential during the interim. The house features 2 beds/1 bath, living room, kitchen, and front and rear covered porches. Currently, the building is used as an office.

Combined average daily traffic counts for Sutherland Avenue and Liberty Street are estimated at 18,571 per day.

New HVAC, exterior and interior paint, and Hardi-board on the gable walls.

Good location to the University of Tennessee, Middlebrook Pike, Kingston Pike and Downtown. Walking distance to Albright Grove Brewing (across the street), River Sports, Gus's Fried Chicken and Backroads Market.

City of Knoxville will be adding sidewalks to Sutherland Avenue and Liberty Street.

***Owner/Agent

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: City of Knoxville
Tax ID/APN: 108AA024
Zoning: C-G-2 (GENERAL COMMERCIAL ZONING DISTRICT)
Retail Clientele: General, Business
Property Located Between: Corner of Sutherland Avenue and Liberty Street
Largest Nearby Street: Sutherland Avenue
Feet of Frontage: 50
Traffic/Vehicle Count: 18,571
Highway Access: Sutherland Avenue and Liberty Street
Airports: McGee Tyson Airport
Site Description: Corner Lot
Area Description: Mix-Use area with redevelopment, restaurants, retail and older commercial properties.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1940
Year Renovated: 2021
Roof Type: Gable
Construction/Siding: Block
Exterior Description: Block Exterior
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: C-G-2 (General Commercial Zoning District) is intended to provide for a heterogeneous mix of retail, personal service, office, and residential uses within and along Knoxville's commercial nodes and corridors. The C-G District is intended to promote mixed-use development in a pedestrian-oriented environment that recalls the City's traditional business districts, and offers flexibility in the creation of integrated commercial, office and residential spaces. The C-G District is divided into three levels of intensity related to the overall form and design of the development; however, uses are the same across all levels. This zone is intended primarily for indoor commercial uses with limited exceptions per special use approval.
Lot Frontage: 50
Lot Depth: 113
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Sidewalks to be installed on a portion of the property - See details in exhibits. This includes a permanent slope easement and a temporary construction easement.
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,156 72,902 172,020
Median Age: 28.47 31.98 35.03
Households: 2,757 29,212 73,339

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