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 |
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 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Knoxville Area Association of REALTORS® nor
Moody's assume any liability for errors or omissions.
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