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.

Attachments & Media

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

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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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