Former Grocery Center for Sale
Shopping Center
for Sale
| Catylist Listing ID: |
30315334 |
| Property Subtypes: |
Grocery-Anchored, Neighborhood Center, Other
|
| Building Size (RSF): |
39,300 SF
|
| Gross Land Area: |
6 Acres
|
| Sale Price: |
$2,450,000 |
| Unit Price: |
$62.34 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Building Name: |
Riverview Crossing |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
8/20/2019 |
Overview / Comments
|
Former Food Lion anchored shopping center priced well below replacement cost. Property features 39,300 sf total situated on 6 acres with ample parking. Property benefits from signalized access to both Asheville Highway, as well as Governor John Sevier Highway. Property also has great access to Interstate 40, and over 50,000 people within a 5 mile radius. This center offers superb value to either a value-add investor or end-user. Existing leases are in place with Subway and Papa John's.
|
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Taxing Authority: |
Knox County/City of Knoxville |
| Tax ID/APN: |
071 001.02 |
| Zoning: |
C-6 |
| Property Visibility: |
Good |
| Largest Nearby Street: |
Asheville Highway |
| Traffic/Vehicle Count: |
35,000 |
| Highway Access: |
Signalized access on to both Asheville Highway and Governor John Sevier Highway |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Good |
| Roof Type: |
Flat |
| Construction/Siding: |
Block |
| Parking Type: |
Surface |
| Zoning Description: |
C-6 |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
18,361 |
70,676 |
| Median Age: |
42.5 |
39.11 |
| Households: |
7,801 |
29,662 |
|
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