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

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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


Photograph of Listing Agent

Chiara Petro

eXp Realty, LLC KAAR CIE Member
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