LOCATION LOCATION LOCATION

Special Purpose for Sale
Catylist Listing ID: 30762958
Building Size (RSF): 1,540 SF
Gross Land Area: 2.35 Acres
Sale Price: $1,500,000
Ceiling: 8 ft.
In Opportunity Zone? Yes
Property Use Type: Business
Usable Size (USF): 1,540 SF
Core Factor: 1,540%
Sale Terms: Cash to Seller
Cap Rate: 5.0%
Last Updated: 1/25/2022

Overview / Comments

Great location at 1000 Cherry Street. Interstate 40 access. 2.35 acres to have a car lot,convenient mart,dry cleaners any business you desire. Inside you have 1540 square feet of open floor space. Located in the heart of Knoxville. New roof,metal structure, very solid building.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: City of Knoxville
Tax ID/APN: 082GC039
Zoning: C-4
Property Located Between: Downtown Knoxville,Tennessee and Knoxville Zoo
Property Visibility: Excellent
Largest Nearby Street: Cherry Street
Feet of Frontage: 562
Highway Access: Interstate 40 and Interstate 75
Airports: Knoxville Airport
Site Description: Great curb appeal, 562 feet of road frontage 2.35 acres of land,small residential utility shed. Located off of Interstate 40
Area Description: Located on Cherry Street right off of 1-40, US-11 W, direct connect to Knoxville,Corryton,Morristown. You can reach any destination from this location
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 1,540 SF
Property Condition: Average
Year Built: 1970
Year Renovated: 1980
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Block exterior,Masonry Pil/stl.
Parking Ratio: 25 (per 1000 SF)
Parking Type: Surface
Parking Description: 11394 square feet of parking space
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable, ISDN
Interior Description: Interior has sheet rock/block with tile floor
Zoning Description: RN-1
Lot Frontage: 562'
Lot Depth: 162x189
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: owned
Legal Description: Subdivision name Cardwell & Mitchells Pt & 31 Inc Prop Mapplatb L304 Mappla A Dimensions 149.90 x 163.09

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,508 76,700 154,029
Median Age: 37.86 33.75 35.12
Households: 5,076 31,121 65,038

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