Historic Downtown Lenoir City Storefront!
Retail-Commercial
for Sale
| Catylist Listing ID: |
30837927 |
| Property Subtypes: |
Restaurant, Street Retail, Tavern/Bar/Nightclub
|
| Building Size (RSF): |
2,000 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$295,950 |
| Unit Price: |
$147.98 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Vacant/Owner-User, Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/19/2023 |
Overview / Comments
Incredible opportunity in the heart of downtown Lenoir City's historic district. This unique property sits right across the street from the downtown Lenoir City public library and among coffee shops, boutique retail & restaurants, entertainment, antique stores, and more. This prime location is also home to local events, including multiple holiday parades, festivals, and more. Zoned C-2 (Central Business District) this property has tons of potential uses, including retail, restaurants, office / professional services, beauty / hair / aesthetics, laundry facility, governmental, religious, and much more!
Currently built out for retail / professional services uses, including two restrooms, multiple display / showcase areas, kitchenette, and multiple workshop areas. Front and rear entrances with on street parking in front at side of building, dedicated parking at rear.
Potential grant funding available through Lenoir City to upgrade exterior facade, subject to funding availability.
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Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Loudon |
| Tax ID/APN: |
053020NF01900 |
| Zoning: |
C-2 CENTRAL BUSINESS DISTRICT |
| Retail Clientele: |
General, Family, Business, Tourist, Recreation |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Highway 11 / Broadway |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Year Built: |
1908 |
| Parking Description: |
Front and rear entrances with on street parking in front at side of building, dedicated parking at rear. |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Other |
| Zoning Description: |
See attachments. C-2, Central Business District. In order to protect and improve the principal shopping area of Lenoir City and to permit and encourage concentrated development of office and shopping facilities, a Central Business District is hereby established. |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,385 |
14,876 |
35,604 |
| Median Age: |
31.21 |
37.29 |
43.82 |
| Households: |
1,990 |
5,750 |
14,236 |
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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.
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