Price Reduced: For Sale - Commercial frontage HWY 321 Friendsville

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30458652
Property Subtypes: Convenience Store, Garden Center, Restaurant, Service Station/Gas Station, Vehicle Related, Other
Status: Pending
Building Size (RSF): 2,312 SF
Gross Land Area: 2.64 Acres
Sale Price: $230,000
Unit Price: $99.48 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/12/2020

Overview / Comments

2.64 acres zoned C-Commercial. 700 feet of frontage on Lamar Alexander Parkway. Property improvements include a house built in 1940, moved sometime after that onto a basement foundation at its current location. There is also an open, 560sf, 3-bay carport next to the house.

The property is situated about half a mile from Pellissippi State Community College's Blount County Campus on Lamar Alexander Parkway, in a historically rural setting that is trending more commercial and higher-density residential. It was re-zoned from S-Suburbanizing to C-Commercial on August 16, 2012.

The house is in good condition and could be used as a residence or an attractive, functional facility for many kinds of small businesses (landscaping, construction-related, etc.). Updates are as follows:
2000: New windows
2013: New roof
2014: Floors refinished
2016: New HVAC, stove, dishwasher, washer, hot water heater, refrigerator

Additional Details

Nearest MSA: Knoxville
County: Blount
Taxing Authority: Blount County, TN
Tax ID/APN: 005055 05303
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Maryville and Lenoir City TN
Property Visibility: Excellent
Feet of Frontage: 700
Highway Access: W. Lamar Alexander Parkway (HWY 321)
Airports: TYS
Property Condition: Good
Year Built: 1940
Year Renovated: 2014
Roof Type: Gable
Heat Type: Electricity
Heat Source: Heat Pump
Zoning Description: C - Commercial
Water Service: Municipal
Sewer Type: Septic
Easements: Water Rights
Easements Description: The waterline easement traverses 618 N. Union Grove Road (Parcel # 055 053.01) to connect to municipal water source on Union Grove Road.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,205 8,581 36,869
Median Age: 39.78 41.1 41.25
Households: 867 3,318 14,385


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