South Main Mini Mall

Shopping Center for Sale
Catylist Listing ID: 30807386
Property Subtypes: Fashion/Specialty, Grocery-Anchored, Mixed Use, Neighborhood Center, Outlet Center, Strip Center, Other
Building Size (RSF): 6,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.60 Acres
Sale Price: $750,000
Unit Price: $125 PSF
Ceiling: 9 ft.
Property Use Type: Investment, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing, Other
Cap Rate: 6.9%
Last Updated: 11/10/2022

Overview / Comments

Absolute Bargain. Owners Retiring. Currently being used as an Antique & Collectable Mall. Prime Retail Location just outside The City Limits of Downtown Crossville. Lower Annual Property Taxes. No Restrictions, Associations or Dues to Pay. Four Individual Store Fronts that can be used together or separate. Plumbed for Hair Salon, Deli, Pet Store Etc... Five Bathrooms, Individual Electrical and Central Heat and Air-Cooling Systems. New Roof in 2016, 170 Feet of Highway Frontage with tuning lane into mall for safe access and exit. Ideal for your personal business or rentals with very high return on investment potential. Possible Owner Financing.

Update: 11/10/22 Two of the four suites have just gone under new lease agreements that will automatically transfer to any new owner. $1600 Year one and $1800.00 Year two. A new owner could occupy or lease the other suites.

Additional Details

Nearest MSA: Crossville
County: Cumberland
Taxing Authority: Cumberland County
Tax ID/APN: 018127 00601
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: Centrally Located between Knoxville and Nashville off Interstate I-40 in Crossville
Property Visibility: Excellent
Largest Nearby Street: Highway 127 S
Feet of Frontage: 170
Highway Access: Interstate I-40 (3 Miles), Hwy 70 (3 Miles), Hwy 68 (2 Miles)
Airports: Crossville, Knoxville, Nashville
Site Description: Plenty of room for expansion. 1.60 Acres
Area Description: Hotel across the street, Medical Facilities, Area of new and historic homes. The Mall is located just minutes from Cumberland State Park and Is part of the Famous Cumberland Homesteads District
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,726 SF
Property Condition: Good
Year Built: 1982
Year Renovated: 2016
Roof Type: Other
Construction/Siding: Block, Brick, Concrete, Metal/Glass, Metal Siding, Steel Frame
Exterior Description: Brick Front with Covered Walkway
Parking Type: Surface
Total Parking Spaces: 17
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Fiber Optic
Interior Description: Currently being used for Antique & Collectable Mall
Zoning Description: Commercial Use, No Zoning in Cumberland County
Lot Frontage: 170
Water Service: Municipal
Sewer Type: Septic
Easements: Electric Lines, Ingress/Egress, Utilities
Land Ownership: S & J Properties
Legal Description: DISTRICT: 01, ESMT DB 111/1606, COUNTY AREA: R02 MAP REF: 127

View FullscreenMap

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 13,235 25,869
Median Age: 42.85 44.46
Households: 5,471 10,862

Contact

© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Knoxville Area Association of REALTORS┬« nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.