Historic District Street Level Retail

Retail-Commercial for Sale
Catylist Listing ID: 30657754
Property Subtypes: Street Retail
Building Size (RSF): 4,900 SF
Gross Building Area: See Agent
Sale Price: $325,000
Unit Price: $66.33 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 5.85%
Last Updated: 3/25/2021

Overview / Comments

New HVAC in 2018. Metered parking in front. Easy access to large open parking to rear. Double road frontage.

Text LA for showing appointment. Must have 24 hrs notice for showing and be accompanied by an agent. Show only during business hrs. M-F 10am-5pm. Masks required. See agent notes.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $2,914 (Annual)
Potential Rental Income $7,800 (Annual)
Gross Operating Income $24,000 (Annual)
Net Operating Income $19,011 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Knoxville
County: Anderson
Submarket Type: Historic District
Tax ID/APN: 001074G J 00700
Zoning: B1/H1
Retail Clientele: General, Business, Tourist
Property Located Between: Main St and Eagle Bend Rd.
Largest Nearby Street: Charles G. Seivers Blvd
Feet of Frontage: 26
Area Description: Located in the heart of the Historic District with quick and easy access to CGS BLVD, HWY 25 and within .3 mi from professional buildings.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1930
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Vintage accents with this tenant occupied storefront. Large glass showroom windows and open floor plan and notable ceilings. Easy access to large parking lot, restaurants, and professional buildings. Excellent investment opportunity in the center of the historic district. The building is best suited for retail, specialty, or professional services.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,772 15,314 33,553
Median Age: 40.86 42.24 42.42
Households: 1,186 6,464 13,663

Contact

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