Retail/ Office Investment Property Sevierville, TN

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30708310
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 10,098 SF
Gross Building Area: See Agent
Gross Land Area: 0.89 Acres
Sale Price: $1,380,000
Unit Price: $136.66 PSF
Property Use Type: Investment
Building Name: Shoppes at Bear Landing
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 6/4/2021

Overview / Comments

The Shoppes at Bear Landing is located East of Downtown Sevierville on Dolly Parton Parkway (Hwy 411) across from Sevier County High School. Seven Tenants include Office and Retail with some tenants in place since 2008.

Cascading Lease Terms and below market rents presents a "value add" opportunity. 7.75 % CAP Rate on current revenue.

Please Do Not Disturb Tenants.

Additional Details

Nearest MSA: Sevierville
County: Sevier
Taxing Authority: Sevier County
Tax ID/APN: 050 102.02
Retail Clientele: General, Business, Traveler, Tourist
Property Visibility: Excellent
Largest Nearby Street: Dolly Parton Parkway/ Hwy 411
Feet of Frontage: 150
Traffic/Vehicle Count: 29,537
Highway Access: Highway 411
Airports: Gatlinburg Pigeon Forge Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,000 SF
Property Condition: Excellent
Year Built: 2007
Roof Type: Flat
Construction/Siding: Block
Total Parking Spaces: 52
Parking Ratio: 5.2 (per 1000 SF)
Parking Type: Surface
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: City of Sevierville AC Arterial Commercial (C-4)
Lot Frontage: 150'
Lot Depth: 250'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,391 11,717 33,833
Median Age: 41.05 37.51 39.64
Households: 1,065 4,564 13,343


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