Helma's Restaurant

Expired Retail-Commercial for Sale
Catylist Listing ID: 30439922
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 10,000 SF
Gross Land Area: 3 Acres
Sale Price: $375,000
Unit Price: $37.50 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Helma's
Usable Size (USF): 10,000 SF
Sale Terms: Cash to Seller, Owner Financing, Build-to-Suit, Other
Cap Rate: Undisclosed
Last Updated: 11/24/2019

Overview / Comments

Old Helma's Restaurant location. BEST HIGHWAY FRONTAGE location on Asheville Highway. 10,000 sq ft restaurant building needs renovation. Seller can get creative with financing. Just about any highway commercial business will prosper on this location across from Cardin's. Single use or mixed use: Franchise Restaurant, Auto Parts, Self Storage, Apartments, Hospitality, just to name a few.
Raze the buildings, fill the land and get two premium commercial frontage parcels.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox County
Tax ID/APN: 062 251
Zoning: CA/A
Retail Clientele: General, Family, Business
Property Located Between: US 70 & 25W
Property Visibility: Excellent
Largest Nearby Street: 25W
Feet of Frontage: 260
Traffic/Vehicle Count: 23,058
Highway Access: Direct off curb with divided median cut and turn lane.
Site Description: Gently sloping front to steeper rear
Area Description: Called "4 Way", well known from three counties. Easy access for 100,000 potential customers.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Poor
Year Built: 1951
Construction/Siding: Block, Brick, Concrete
Parking Type: Surface
Parking Description: asphalt
Zoning Description: CA on front with A strip on back. Seller can guarantee CA all over.
Lot Frontage: 262
Lot Depth: 285
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: in fee simple

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,623 24,735
Median Age: 41.28 41.55
Households: 3,818 9,861
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