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: $2,500,000
Unit Price: $63.61 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Riverview Crossing
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/10/2018

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

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 18,361 70,676
Median Age: 42.5 39.11
Households: 7,801 29,662

Contact

Photograph of Listing Agent

Matt Reed

Baker Storey McDonald Properties
KAAR CIE Member
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