Mixed Use Property at 313 N Gay

Retail-Commercial for Sale
Catylist Listing ID: 30817637
Property Subtypes: Mixed Use
Building Size (RSF): 4,618 SF
Gross Building Area: See Agent
Sale Price: $1,450,000
Unit Price: $313.99 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: The Brody Building
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/2/2023

Overview / Comments

Income producing property currently formatted as office space on the main level and two residential apartments on the second level. Zoned DK-G for mixed use application. End cap location affords two sides of windows with a possible option for additional windows on the north side. Acquisition of property just to the north is an option as of Listing Date. Please refer to 415 W Depot posted as Residential on the local for additional information.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 094EK006
Zoning: DK-G MIXED USE
Retail Clientele: General, Family, Business, Other
Property Located Between: Off N Gay St between W Depot and Magnolia
Property Visibility: Excellent
Largest Nearby Street: N Gay St
Site Description: Two story brick building currently formatted as office space on the main level and two residential apartments on the second level. Zoned DK-G for mixed use application. End cap location affords two sides of windows with a possible option for additional windows on the north side.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,308 SF
Property Condition: Good
Year Built: 1900
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Two story brick end cap location affords two sides of windows with a possible option for additional windows on the north side.
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Currently formatted as office space on the main level and two residential apartments on the second level. Zoned DK-G for mixed use application. End cap location affords two sides of windows with a possible option for additional windows on the north side.
Zoning Description: DK-G Mixed Use
Lot Frontage: 24' on N Gay and 96.2' on side access road
Lot Depth: 96.20
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,310 89,401 151,555
Median Age: 27.41 32.42 35.02
Households: 5,660 36,506 64,683
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