Townsend Retail/Office/Multi-Use FOR SALE

Retail-Commercial for Sale
Catylist Listing ID: 30812532
Property Subtypes: Retail-Pad
Building Size (RSF): 1,068 SF
Gross Building Area: See Agent
Sale Price: $249,900
Unit Price: $233.99 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/1/2022

Overview / Comments

Great location in the heart of Townsend, TN. Take advantage of the fast growth in this community with the new restaurants, campgrounds, Vee Hollow mountain bike trails, Company Distilling, all within walking distance to this property. Trillium Cove Farmer's Market (only one in Townsend) runs every Saturday morning from spring through late fall on this property bringing a lot of foot traffic. This 1068 sq ft retail space could be a turn-key investment allowing the new owner to start making money on the day of closing. This building has also been used for an engineering office space, and would make a great multi-use if you wanted a small living space on the upper level and retail/office on the lower level. Cabin style interior with wood burning fireplace (not used), hardwood floors, 1/2 bath (could be converted to full). Current inventory conveys (approx $30K retail), Furniture and display pieces convey (approx $17K value), Siemens Commercial PC's, security cameras, sound system convey (approx $10K value), approved professional signage, complete Square system, customer database, Vendor list, paid long-term advertising and local business relationships convey. Great reviews on Trip Advisor, Google, Yelp, Facebook, and active website with ordering capabilities. POA of $750/yr covers lawn maintenance for the year and access to large storage barn. Address is 161 Painted Trillium Way.

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Additional Details

Nearest MSA: Knoxville
County: Blount
Taxing Authority: Blount County
Tax ID/APN: 005096EC00200
Retail Clientele: General, Business, Traveler, Tourist
Property Located Between: Sevierville, Maryville, Knoxville
Property Visibility: Excellent
Largest Nearby Street: Hwy 321
Airports: TYS - Knoxville
Site Description: Trillium Cove Shopping Center provides visitors a unique shopping experience at the entrance to the park. Intertwining walkways meander through the Appalachian style village offering a variety of shops & galleries, cabin rentals & real estate, an extensive garden center, coffee shop and yoga studio.
Area Description: Townsend Tennessee is located at the entrance to the Great Smoky Mountains National Park and offers a unique kind of vacation experience. Deemed the "Peaceful Side" of the Smokies, travelers from near and far stay on the quiet side of the park to enjoy the Little River, Cades Cove, hiking, shopping, and dining.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 2005
Construction/Siding: Wood Frame
Exterior Description: Wood & Stone exterior
Parking Type: Surface
Parking Description: Plenty of parking in Trillium Way Retail/Commercial Community
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Interior Description: This cabin style property has a stone fireplace and half bath on main level, upstairs his a mini kitchen and plenty of counter space for retail display or office space. Upper level could be converted to small living quarters.
Zoning Description: General Business
Water Service: Municipal
Sewer Type: Septic
Legal Description: Parcel ID 5096EC002

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,006 1,821 3,798
Median Age: 48.6 50.88 51.52
Households: 443 817 1,691


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