Fantastic Location at the corner of Kingston Pike & Gallaher View
Retail-Commercial
for Sale
| Catylist Listing ID: |
30702333 |
| Property Subtypes: |
Free-Standing Building
|
| Building Size (RSF): |
21,578 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
2.45 Acres
|
| Sale Price: |
$3,250,000 |
| Unit Price: |
$150.62 PSF |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/15/2021 |
Overview / Comments
|
This property is in an A1 location in West Knoxville at the corner of Kingston Pike (146' of frontage) and Gallaher View Road (436' of frontage). There is no better location in West Knoxville. The property sits on 2.45 acres and has great visibility/frontage from I-40/I-75 (296' of frontage). The combined traffic counts are 252,104 cars per day. There are 2 buildings on the property, facing the interstate is a 9,828 SF service garage/office with 14 bay doors and small office, the upstairs is office/assembly area, both floors have parking at the door. This building was built in 1978 and renovated in 1985. The former US Cellular building is 11,750 SF and has frontage on Kingston Pike and Gallaher View Road. It has a large 112 x 29 showroom, multiple HVAC units with gas heat, 11 offices, 4 bathrooms, kitchen and conference room, 1 secure room, locker room for employees, conference room and 400 amps of power. Pole sign on Kingston Pike and I-40/I-75. 48 parks in front with ample parking in the rear. This building was built in 1976 and renovated in 1995.
|
Financials
| Finance Data Year |
2019 |
| Real Estate Taxes - Annual($) |
$40,195 (Annual) |
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Tax ID/APN: |
120IA010 |
| Zoning: |
C-H-1 |
| Area Description: |
At the corner of Kingston Pike and Gallaher View Road. |
| Total Number of Buildings: |
2 |
| Year Built: |
1976 |
| Year Renovated: |
1995 |
| Heat Type: |
Natural Gas |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
12,986 |
71,713 |
150,273 |
| Median Age: |
36.78 |
37.44 |
37.55 |
| Households: |
6,456 |
31,752 |
64,000 |
|
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