Bank building 1980 Oak Ridge Turnpike

Retail-Commercial for Sale
Also listed as Vacant Land
Catylist Listing ID: 30716781
Property Subtypes: Convenience Store, Free-Standing Building, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 3,200 SF
Gross Building Area: See Agent
Gross Land Area: 0.69 Acres
Sale Price: $600,000
Unit Price: $187.50 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/14/2021

Overview / Comments

This property is located just off the corner of Oak Ridge Turnpike and Louisiana Ave. There is easy access to the property from multiple points and has great visibility and road presence. Formerly a bank building, there is little to no value in the building however the land and area have great potential to become another restaurant, convenience store, or several other uses. This property is approximately .69 acres and zoned B2.
This parcel is located in an opportunity zone and can be combined with multiple other parcels surrounding this property for an even greater development opportunity. Water, sewer, gas, and electric are available at site. The proposed motorsports park would be located just down the road from this property and values and traffic count are expected to rise significantly once approved and operational.
Call for more information and details, don't miss the chance to take advantage of high visibility on one of the busiest streets in Oak Ridge.

Additional Details

Nearest MSA: Knoxville
County: Anderson
Taxing Authority: Oak Ridge
Tax ID/APN: 105A B 018.00
Zoning: B2
Retail Clientele: General, Business
Property Visibility: Excellent
Feet of Frontage: 110
Tenancy: Multiple Tenants
Parking Type: Surface
Lot Frontage: 110
Lot Depth: 288
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: Parcel# 105A B 018.00 Lot 434B Commonly known as 1980 Oak Ridge Turnpike Approx .69 acres

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,416 20,275 33,662
Median Age: 36.26 40.77 42.91
Households: 2,275 8,793 14,517

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