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.

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

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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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