Catylist ID:
#30825129
Oak Ridge Hwy & Pennell Lane
Retail-Commercial
for Sale
Also listed as Office
| Catylist Listing ID: | 30825129 |
| Property Subtypes: | Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Restaurant, Street Retail |
| Building Size (RSF): | 1,383 SF |
| Gross Land Area: | 65,340 SF |
| Sale Price: | $525,000 |
| Unit Price: | $379.61 PSF |
| Property Use Type: | Investment, Vacant/Owner-User |
| Usable Size (USF): | 1,383 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 3/17/2023 |
Overview / Comments
|
Presenting 1.5 acres on Oak Ridge Hwy and Pennell Lane. This corner lot in the heart of Karns will allow many businesses, with excellent visibility. Over 15,000 VPD pass by and this space is 3.4 miles from Schaad Rd intersection and Grassy Creek development. Residential building on site can be renovated for office or service businesses. Building has interior/exterior access to basement for additional storage. Perfect for professional office, service businesses, retail business, restaurant, vehicle repair, and many other businesses. Property is currently surveyed and platted as two lots, each approximately 3/4 acre (see attached). Owner will consider selling separately with simultaneous closings and total sales price equal to current listed price or satisfactory negotiated price." |
Attachments & Media
Additional Details
| Nearest MSA: | Knoxville |
| County: | Knox |
| Taxing Authority: | Knox County |
| Tax ID/APN: | 078JE038 |
| Zoning: | CA |
| Retail Clientele: | General, Business |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Oak Ridge Hwy |
| Feet of Frontage: | 356 |
| Traffic/Vehicle Count: | 15,134 |
| Highway Access: | Oak Ridge Hwy |
| Airports: | TYS |
| Site Description: | 356' road frontage on Oak Ridge Hwy, 230' road frontage on Pennell Lane. Corner lot. |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 1,383 SF |
| Property Condition: | Average |
| Year Built: | 1955 |
| Roof Type: | Gable |
| Construction/Siding: | Brick |
| Parking Type: | Surface |
| Sprinklers: | None |
| Heat Type: | Natural Gas |
| Heat Source: | Central |
| Air Conditioning: | Package Unit |
| Interior Description: | formerly a residential home can be converted into office use. 4 private offices, reception and break room. |
| Zoning Description: | CA |
| Lot Frontage: | 356 |
| Lot Depth: | 230 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Land Ownership: | Fee Simple |
| Legal Description: | 078JE038 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 2,534 | 40,829 | 114,860 |
| Median Age: | 38.19 | 37.3 | 37.22 |
| Households: | 946 | 16,455 | 48,390 |
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