MARYVILLE RETAIL CENTER

Shopping Center for Sale
Sale Pending/Contingent
Also listed as Retail-Commercial
Catylist Listing ID: 30183442
Property Subtypes: Strip Center
Status: Pending/Contingent
Building Size (RSF): 33,517 SF
Gross Building Area: See Agent
Gross Land Area: 2.46 Acres
Sale Price: $3,050,000
Unit Price: $91 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.94%
Last Updated: 4/27/2018

Overview / Comments

One of the best retail locations in Maryville. Very close to Maryville College and the Blount County Courthouse. Extremely well-maintained retail center with stable tenants. Very ample parking. The retail portion of the center is fully leased. There are about 6,000 square feet of partially finished space on a second level which will provide very good upside potential. Suitable for offices, apartments or destination retail. Full rent roll and income and expense statement available with a signed confidentiality agreement.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $32,804 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: 058A B 029, 029.01, 028.01, 028, 021, 022, 022.01, 025
Zoning: WASHINGTON STREET COMMERCIAL
Site Description: Center City of Maryville with very good traffic counts; 21,542 VPD on S. Washington Street and 21,222 VPD on E. Lamar Alexander Pkwy.
Area Description: From Alcoa, south on S. Washington Street to the property on the right between Ellis Ave and High St.
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1935
Year Renovated: 2007
Roof Type: Flat
Construction/Siding: Block, Brick, Steel Frame
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: Allows for a mixture of uses typically found in a downtown area along a major roadway, including retail, offices, restaurants, services and multi-family residences. Exterior design standards apply.
Lot Frontage: 320
Lot Depth: 320

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,544 42,058 69,972
Median Age: 34.16 39.75 40.4
Households: 3,285 17,242 28,016
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