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.
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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 |
Demographic Statistics
| Proximity: |
5 miles |
| Total Population: |
6,176 |
| Median Age: |
41.97 |
| Households: |
2,403 |
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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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