1516 N Broad St. Tazewell

Retail-Commercial for Sale
Also listed as Shopping Center
Catylist Listing ID: 30561859
Property Subtypes: Mixed Use, Restaurant, Tavern/Bar/Nightclub, Other
Building Size (RSF): 12,750 SF
Gross Building Area: See Agent
Sale Price: $449,900
Unit Price: $35.29 PSF
Property Use Type: Business
Building Name: Mustang Lounge
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 5/15/2020

Overview / Comments

Convenient Location and Ready to GO! Lots of potential for this over 12,000 sq ft retail space. Would make a great event center, reception hall , restaurant etc.. Located in the corner of a shopping center. Other shops in center include: Veterinarian Hospital , Doughnut Shop, Salon and Pizza Inn. Owner is retiring leaving all equipment including: , 2 Bars ,multiple coolers, 31 ft wide Dance Floor, sound equipment, tables, chairs, 4 pool tables, fireplace , and much more. Separated into two areas. Each area has its own entrances so they can be rented separately or together. This is a great opportunity for a fast start up business.

Additional Details

Nearest MSA: Knoxville
County: Claiborne
Submarket Type: Central Business District
Tax ID/APN: 013095E C 02401
Retail Clientele: Business
Traffic/Vehicle Count: 17,049
Highway Access: N Broad St. (Hwy 33)shopping center
Site Description: Shopping Center
Property Condition: Good
Year Built: 1976
Year Renovated: 1984
Construction/Siding: Brick/Aluminum Siding
Parking Type: Surface
Heat Source: Central, Heat Pump
Air Conditioning: Package Unit
Zoning Description: 12750
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: owned
Legal Description: 095E C 024.01 known as the Mustang Lounge

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 845 7,662 14,357
Median Age: 45.51 41.14 40.88
Households: 373 3,088 5,801

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