Chapman Highway Salvage Yard + Repair Shop: 12.7 acres available

Retail-Commercial for Sale
Also listed as Multi-Family
Catylist Listing ID: 30573287
Property Subtypes: Free-Standing Building, Garden Center, Mixed Use, Service Station/Gas Station, Street Retail, Vehicle Related, Other
Building Size (RSF): 8,546 SF
Gross Land Area: 3.98 Acres
Sale Price: $1,300,000
Unit Price: $152.12 PSF
Property Use Type: Investment, Business
Building Name: Chapman Enterprises
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/6/2020

Overview / Comments

For sale is 12.7 acres on Chapman Highway, just south of John Sevier Highway. Perfect for redevelopment, or continue to operate as is.

Two businesses are located on this property. One, Chapman Enterprises, is owned by the seller. The other, Steve's Service Center, is a tenant.

The 3.98 acre property is zoned CB. The building occupied by Chapman Enterprises was originally constructed in 1975 and is approximately 4,000 sq ft. The business is a salvage yard and a full-service auto repair shop. The building has The seller is willing to entertain offers for the business.

The building occupied by Steve's Service Center was built in 1950. It's actually two buildings, one a service garage (2,786 sq ft) and the other a two story building that mostly serves as warehouse space.

This parcel adjoins another one to the east (8110 Chapman Highway) that is larger (8.72 acres) and can be purchased to assemble a building site for a larger development project. 8110 is zoned PC (Planned Commercial), and has three income-producing rental properties sited on it.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox County TN
Tax ID/APN: 002066 02300
Zoning: CB + PC
Retail Clientele: General
Property Visibility: Excellent
Largest Nearby Street: Kimberlin Heights + Tipton Station + Hendron Chapel
Feet of Frontage: 651
Total Number of Buildings: 3
Property Condition: Fair

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,379 14,867 49,644
Median Age: 45.89 42.41 38.69
Households: 612 6,103 20,796

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