Retail Space off of Norris Freeway
Retail-Commercial
for Sale
Also listed as Multi-Family
| Catylist Listing ID: |
30842347 |
| Property Subtypes: |
Convenience Store, Free-Standing Building, Restaurant, Other
|
| Building Size (RSF): |
3,408 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1.11 Acres
|
| Sale Price: |
$359,000 |
| Unit Price: |
$105.34 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/25/2023 |
Overview / Comments
2,600 SF retail space right off of the Norris Freeway with ample parking and access off of Miller Rd. The retail space is currently an unconditioned shell, ready for a new owner to make whatever they want with it. Property was formerly used as a deli/ice cream shop and benefitted from traffic travelling to and from Norris Dam. At the back of the retail business with its own entrance, there is a partially finished 260 SF efficiency unit that is framed and has rough ins for a bathroom and kitchen. There is also a sizable basement storage area.
In addition to the retail space, there is also an 800 SF manufactured home with 2 bedrooms, 2 baths, on its own separate electirc and water, that is currently vacant but ready to rent or used by an owner occupant.
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Financials
| Finance Data Year |
2022 |
| Real Estate Taxes - Annual($) |
$1,430 (Annual) |
| Tax Value Land |
$158,900 |
| Tax Value Improvements |
$71,200 |
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Tax ID/APN: |
018 094 |
| Zoning: |
CA |
| Feet of Frontage: |
222 |
| Site Description: |
1.11-acre lot off of the intersection of Norris Freeway (441) and Miller Rd. The property is in the County, so no city property taxes. Municipal water that is separated on 2 meters, with a septic system. Electric is on 2 meters as well. Approximately 16 paved parking spaces at the front of the building with overflow parking available across the street (Miller Rd). There is additional covered storage at the rear of the property. |
| Area Description: |
Norris Freeway (441) and Miller Rd. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
2 |
| Number of Stories: |
1 |
| Property Condition: |
Fair |
| Year Built: |
1950 |
| Construction/Siding: |
Concrete |
| Parking Type: |
Surface |
| Lot Frontage: |
222 |
| Lot Depth: |
219 |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
18,488 |
48,575 |
| Median Age: |
41.26 |
40.1 |
| Households: |
6,976 |
19,215 |
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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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