The Hive

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30394852
Property Subtypes: Free-Standing Building
Status: Pending/Contingent
Building Size (RSF): 3,114 SF
Gross Land Area: 0.23 Acres
Sale Price: $395,000
Unit Price: $126.85 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: The Hive
Usable Size (USF): 3,114 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/26/2019

Overview / Comments

The real estate for The Hive is being offered for purchase at $395,000. Located at the heart of Happy Holler at the corner of N. Central Street and Bernard Avenue, the property offers dedicated parking, renovated bohemian style interior, high ceilings, natural light, plenty of storage, courtyard and excellent location to a revitalized area (Magpies Cakes, Central Filling Station, Elkmont Exchange Brewery, Schulz Brau Brewing are within a block). The property is ideal for a move-in ready business. Alternative uses could include a restaurant, beer garden, coffee shop, boutique bourbon store, gift shop, co-working space, start-up location, etc. The building features 3114 Gross Square Feet (Approximately 2,633 SF conditioned and 481 SF of storage), high ceilings, natural light, concrete flooring, and 8 dedicated parking spaces. Buyer to verify square footage. Current infrastructure improvements include the North Central Streetscape providing landscaping, bike lanes, resurfacing the street and repairing sidewalks. Scheduled completion is summer of 2019. The Hive is a successful events venue and business that the owner would consider selling separately, along with the FF&E (http://www.thehiveknox.com/).

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 094DC021
Property Located Between: Central Street and Bernard
Area Description: The Hive is located at the corner of N. Central Street and Bernard Avenue at the red light corner. Easy access to Broadway, downtown, Old North, Fountain City, and the interstate system.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,114 SF
Year Built: 1940
Total Parking Spaces: 8
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,634 90,068 161,639
Median Age: 32.56 32.69 35.32
Households: 6,652 37,006 69,027

Contact

Photograph of Listing Agent

David Stanley

Avison Young KAAR CIE Member
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