11,396 SF Multi-Family Conversion Opportunity on 3.12 Acres

Multi-Family for Sale
Catylist Listing ID: 30471075
Property Subtypes: Low-Rise/Garden, Mixed Use, Senior Living, Other
Number of Units: 2 Units
Building Size (RSF): 11,396 SF
Gross Building Area: See Agent
Gross Land Area: 3.12 Acres
Sale Price: $950,000
Unit Price: $475,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/10/2019

Overview / Comments

Development property located in Royal Oaks. 11,396 SF Event Center with a full restaurant and equipment package. Ample parking and panoramic views of Blount County as this site is situated at the highest point in the City of Maryville. Adjoining property is 100% leased multi-family condo suites. This property is well-positioned for multi-family conversion or redevelopment opportunities.
See attached PDF offering for interior pictures.

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: 005068 00401
Zoning: COMMERCIAL

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,875 33,074 66,426
Median Age: 37.07 39.4 40.25
Households: 2,360 13,028 26,611

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