Commercial Corner Lot w/ TWO Free Standing Buildings

Retail-Commercial for Sale
Catylist Listing ID: 30813136
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Service Station/Gas Station, Street Retail, Vehicle Related, Other
Building Size (RSF): 1,810 SF
Gross Building Area: See Agent
Gross Land Area: 0.42 Acres
Sale Price: $250,000
Unit Price: $138.12 PSF
Has Drive-Thru? Yes
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/17/2022

Overview / Comments

This is a unique opportunity to own almost 1/2 an acre of flat, corner commercial property that is highly visible in the Western Heights community – less than half a mile from Interstate 275/Baxter Avenue and within a short walking distance to Beaumont Magnet Academy. The property currently has two commercial buildings - a functioning drive thru convenience store as well as an old service station that could be restored (owner is currently using for personal storage but will be empty in by the end of August). The drive thru building has an 8-camera system that remains, stock/mechanical room, shelving for products, newer electrical, restroom, and plenty of parking in addition to the drive thru area. It is currently leased for $1,000 per month. Current owner is grandfathered in for beer and liquor licensing. This is the perfect opportunity to revitalize the two buildings for maximum profit/potential or to start fresh with a level commercial lot with tons of parking and visibility. AirBnB potential is great as well with current zoning.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox
Tax ID/APN: 094CA038
Zoning: C-N
Retail Clientele: General, Family, Other
Property Visibility: Excellent
Largest Nearby Street: W Baxter Ave
Feet of Frontage: 293
Highway Access: Located on three streets - Beaumont Ave, Sunrise St & Sidebrook Ave; less than 500 ft from W Baxter Ave. and less than 1000 ft from I-275
Airports: McGhee Tyson, Knoxville Downtown Island
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Fair
Year Built: 1953
Year Renovated: 2009
Roof Type: Flat
Construction/Siding: Block, Brick, Concrete
Parking Type: Surface
Parking Description: drive thru around convenience store; 10,000 SF of paving/asphalt -- approximately 3/4 of property is paved for parking -- small grass area to right of old filling station
Heat Type: Electricity, Other
Heat Source: Wall Units, Other
Air Conditioning: Window Unit
Internet Access: Cable, Fiber Optic
Zoning Description: Commercial; Other-Tc&U; General Retail Store
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Subdivisionname Bon View Lot 96 Mapplatb 7 Mapplatp 140 Dimensions 220M X 170M X Irr

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,509 93,726 167,846
Median Age: 30.58 31.82 34.85
Households: 4,746 39,081 72,055
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