South Knox Redevelopment Opportunity
Retail-Commercial
for Sale
Also listed as Vacant Land
| Catylist Listing ID: |
30803881 |
| Property Subtypes: |
Free-Standing Building
|
| Building Size (RSF): |
1,275 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,150,000 |
| Unit Price: |
$901.96 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Sale Terms: |
Undisclosed |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/24/2023 |
Overview / Comments
Now is your chance to own a total of four lots just off Hwy 441/Chapman Hwy/Henley St., in the middle of the south waterfront district and right down the street from the redevelopment of Kern’s Bakery! This PRIME property is in an opportunity zone making it a perfect spot for your next development project whether it be retail, restaurant, or a small multi-level project. Situated above the newer developments on Blount Ave., this would be a perfect spot for a multifamily project.
Currently, there is a 1,275 SF building on the 1.04 AC property that is being used as a hair salon. In addition to the main lot, there are 2 small lots just across Palmer adding a total of 0.31 AC. The owner wants to sell all four lots together but could be willing to separate depending on the offer.
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Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Tax ID/APN: |
109AL025, 109AL026, 109HA013, & 109HA012 |
| Zoning: |
C-G-2, RN-2, AND O |
| Retail Clientele: |
General |
| Property Located Between: |
Tennessee River and Fort Dickerson Park |
| Property Visibility: |
Good |
| Largest Nearby Street: |
Chapman Highway |
| Traffic/Vehicle Count: |
24,149 |
| Area Description: |
This property can be found 0.3 of a mile after crossing Henley Street Bridge, turn right on Fort Ave, and the property is 300 ft on your right. It is less than 2 miles to the heart of UT's Knoxville campus and the South Knoxville waterfront. 3 miles away you will find I-40 and another mile will bring you to to Hwy 129. The south Knoxville waterfront submarket is an upcoming area with lots to offer, making this property a prime investment opportunity. |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
1,275 SF |
| Property Condition: |
Fair |
| Year Built: |
1945 |
| Year Renovated: |
1965 |
| Construction/Siding: |
Stone |
| Total Parking Spaces: |
15 |
| Parking Type: |
Surface |
| Zoning Description: |
C-G-2: Commercial, General
RN-2: Residential
O: Opportunity |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
14,572 |
70,553 |
136,204 |
| Median Age: |
25.59 |
31.59 |
34.81 |
| Households: |
5,575 |
27,862 |
57,862 |
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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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