111 W Broadway Ave

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30503803
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Status: Pending/Contingent
Building Size (RSF): 5,860 SF
Gross Land Area: 0.08 Acres
Sale Price: $849,000
Unit Price: $144.88 PSF
Ceiling: 13 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Last Updated: 8/31/2020

Overview / Comments

Centrally located in the heart of the downtown Maryville historic district, 111 West Broadway Ave, is one of Maryville’s premier properties which has been professionally renovated. The property is in pristine condition and completely move in ready to serve as a perfect location for successful businesses including office, retail, restaurant, entertainment and even residential! Whether you are an entrepreneur desiring an urban living space above your place of business or an investor looking for an incredible return on your investment, this property checks all the boxes!

The building is in close proximity to Maryville College, Maryville City Hall & Fire Department, Blount County Courthouse, restaurants, breweries, retail shopping and many other businesses. Hwy 321 is nearby with over 30,000 vehicles per day.

The building consists of 3 levels with separate entrances and utility meters. If desired, the building has the potential to access all levels from the inside. There is ample free parking on all sides of the property.

The upper level is 1,807 sq ft and is currently leased to a small business. This space was designed and plumbed with urban living in mind. The main level accessible from Broadway Ave is 2,950 sq ft, perfect for so many businesses. This level is currently being used as an event venue on a month to month basis.
The lower level is 1,103 sq ft with 1,700 sq ft of storage. The leasing potential income at full capacity is a minimum of $8,000 per month for a great return on your investment.

Schedule a tour to see the property today to take advantage of this incredible opportunity!

Note: The owners are extremely motivated to sell the property since they are retiring and moving, bring all offers! This building is currently in use for business so please make arrangements with the listing broker to schedule a tour prior to visiting the property.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Blount
Taxing Authority: City of Sevierville and Sevier County
Tax ID/APN: 057D D 021.00
Property Visibility: Excellent
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Excellent
Year Built: 1915
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick building restored to 1915 appearance, with recessed mosaic tile entryway.
Parking Description: Free public parking directly across street in City of Maryville garages (in front of building and at the rear of building on Harper Street)
Sprinklers: Wet
Heat Source: Central
Interior Description: Refinished original wood flooring, exposed brick. 13' height (main level) to tongue and groove ceiling, fluorescent and track lighting, exposed ductwork. Lower level has 12' ceiling on most of the space. Upper level has 9' to 10' ceiling.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,919 46,586 67,632
Median Age: 34.61 39.41 40.36
Households: 2,745 18,858 27,012


Photograph of Listing Agent

G. Sam Tate, Jr., CCIM

NAI Koella | RM Moore KAAR CIE Member
Photograph of Listing Agent

Maribel Koella, CCIM, SIOR, FRICS, CRE

NAI Koella | RM Moore KAAR CIE Member
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