Loudon Store Front on Signalized Corner

Retail-Commercial for Sale
Catylist Listing ID: 30837719
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 5,588 SF
Gross Land Area: 24,829 SF
Sale Price: $300,000
Unit Price: $53.69 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/4/2023

Overview / Comments

NOW PRICED AT SELLER'S BOTTOMLINE! Reduced Again! Seller says sell! This corner property is perfect for an owner occupant or an investor with vision as this property contains two separate storefront buildings on Loudon's main thoroughfare, Mulberry St. The main building on Mulberry is approximately 2500 sq ft and is partially occupied by a car tint business that is paying $500/month.The rear portion of this front building contains a 960 sqft two bedroom apartment currently rented for $925. This apartment enters from the parking lot. The second storefront on the lot is approximately 2100 sqft and fronts to Highland Ave at the signalized corner of Highland & Mulberry. All buildings are individually metered for all utilities including electric and water.

Additional Details

Nearest MSA: Knoxville
County: Loudon
Tax ID/APN: 053041HM01100
Retail Clientele: General, Business, Tourist, Recreation, Other
Property Visibility: Excellent
Largest Nearby Street: Mulberry St.
Feet of Frontage: 122
Site Description: Level
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Average
Year Built: 1930
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Sprinklers: None
Heat Source: Central
Lot Frontage: 122
Lot Depth: 184
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,211 8,294 23,895
Median Age: 46 41.73 42.77
Households: 888 3,218 9,474


Photograph of Listing Agent

Solange Velas, CCIM

Goldman Partners Realty, LLC KAAR CIE Member
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