Building / Potential AirBNB for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30830805
Property Subtypes: Mixed Use, Parking Facility, Restaurant, Retail-Pad, Street Retail, Vehicle Related
Building Size (RSF): 4,080 SF
Gross Building Area: See Agent
Gross Land Area: 0.56 Acres
Sale Price: $879,900
Unit Price: $215.66 PSF
In Opportunity Zone? Yes
Is Quick-Service Restaurant? Yes
Property Use Type: Vacant/Owner-User
Building Name: 129 HUB
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/29/2023

Overview / Comments

This property has become the perfect gathering place for thousands of East Tennessee visitors & car enthusiasts. Located at the corner of Highway 72 and Calderwood Hwy/129, it is a prime spot sitting just below the famous Tail of the Dragon and Foothills Parkway. With nearly 500 feet of road frontage on Hwy 129, there is parking for 100 vehicles and the property has served the current business very well as a gathering place for countless car groups/rallies. The existing operation is set up as a restaurant and retail space. The property offers tons of untapped potential with two residential/office units on second level which both have exterior entrances perfect for Airbnb options. One unit is turnkey 2br/1ba. The second is currently a shell but is ready to be completed OR combined into one large unit. There is an additional heated & cooled garage bay that could be used for restaurant/retail expansion or a possible small business - it was previously used to house a separate ice cream shop. The owner is selling the real estate, all inventory/merchandise at the current price. This is an ACTIVE business that will not go anywhere unless a new owner chooses to make a change. Please contact agent(s) for further details.

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: 06204101800
Retail Clientele: General, Family, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: US Hwy 129 / "Dragon"
Feet of Frontage: 475
Highway Access: US Hwy 129 from 411
Airports: McGhee Tyson
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1970
Year Renovated: 2020
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Updated, painted brick, siding, metal.
Parking Type: Surface

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Demographic Statistics

Proximity: 5 miles
Total Population: 6,176
Median Age: 41.97
Households: 2,403

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