Sevierville Income-Producing Property

Office for Sale
Catylist Listing ID: 30255578
Property Subtypes: Office Building
Building Size (RSF): 6,440 SF
Gross Land Area: 1.49 Acres
Sale Price: $595,000
Unit Price: $92.39 PSF
Property Use Type: Investment
Building Name: N/A
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/7/2018

Overview / Comments

This 1.49-acre tract is improved with a 2,940 sq.ft. single-tenant commercial building and a 3,500 sq.ft. 2 level, 2-tenant building. The single-tenant building is 100% occupied. The 2-tenant building has one tenant on month-to-month tenancy with below-market rent. There is approximately 0.7 acre of unimproved, commercially-zoned land that may be suitable for additional development. Suggested uses are office, retail, or self storage. Part of the property is zoned R-1 and part is zoned C-4. The property is located within the Sevierville city limits and a short distance from LeConte Medical Center.

Additional Details

Nearest MSA: Sevierville
County: Sevier
Tax ID/APN: 062 008.00
Zoning: C4 & R1
Property Visibility: Good
Highway Access: Middle Creek Road
Site Description: 1.49-acre level to sloping tract, improved with two commercially-leased buildings
Area Description: Located close to LeConte Medical Center and other medical and professional offices.
Total Number of Buildings: 2
Year Built: 1983
Parking Type: Surface
Parking Description: Onsite, graveled
Zoning Description: C-4 and R-1
Lot Frontage: 132
Lot Depth: 500.38
Water Service: Municipal
Sewer Type: Septic
Land Ownership: Fee Simple
Legal Description: Map 062, Parcel 008.00

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,391 16,670 34,384
Median Age: 41.05 38.9 39.55
Households: 1,065 6,736 13,505

Contact

Photograph of Listing Agent

David L. Gothard

NAI Koella | RM Moore KAAR CIE Member
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