Retail building currently used as a church and 2 bedroom home

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30837314
Property Subtypes: Mixed Use, Restaurant, Retail-Pad, Street Retail, Other
Status: Pending
Building Size (RSF): 3,174 SF
Gross Building Area: See Agent
Sale Price: $239,900
Unit Price: $75.58 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Church
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 11/27/2023

Overview / Comments

SO CLOSE TO WINDROCK!!! THE POSSIBILITIES ARE ENDLESS! 112 and 114 Midway Lane in Oliver Springs are being sold together! The large building is currently being used as a church but is zoned retail. It is located at 112 Midway Lane, and the house/parsonage that is currently rented is at 114 Midway Lane. Tenant plans on moving once the home is sold.

So many options, so many possibilities await with this unique opportunity to own both buildings, use one for a store, rent the other, have a church and a parsonage, Make it into an ice cream shop, use it as an air bnb for groups, make it into a hair salon, use the home for personal use or for rental income!

112 Midway is currently being used as a church. It has a large gathering room, a stage, two office areas, 2 bathrooms and a loft above the building.
Land Use for this building currently listed as 'Retail Trade - General

The house has 2 bedrooms, 2 living room areas, laundry facilities, patio, fully equipped kitchen and more. Land Use for this building currently listed as 'household unit' but must be sold with the church on 112 Midway.

The buildings currently share electric, and plumbing and are metered at the house and must be sold together.

Buyer to verify actual use options, square footage and all other information. This is currently a religious exemption from tax.

Additional Details

Nearest MSA: Knoxville
County: Anderson
Tax ID/APN: 001092NC01000
Retail Clientele: General, Family, Business, Recreation, Other
Property Visibility: Excellent
Largest Nearby Street: Tri County Blvd, Oliver Springs
Feet of Frontage: 15
Highway Access: Take Illinois Ave. towards Oliver Springs, turns into E Triangle County Blvd. Turn right onto Midway Ln. Property is the right.
Area Description: Near Windrock ATV park. Minutes from Oak Ridge
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 3,000 SF
Property Condition: Good
Roof Type: Arched
Construction/Siding: Brick/Vinyl Siding
Total Parking Spaces: 25
Parking Type: Surface
Parking Description: Parking Lot
Heat Type: Natural Gas
Heat Source: Central, Other
Air Conditioning: Other
Internet Access: Cable
Interior Description: Church has two offices and large meeting hall with 2 baths. Home has 2 bedrooms, bonus room, kitchen. living room and bath.
Zoning Description: Church is retail/general House is
Water Service: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,072 13,983 31,537
Median Age: 43.53 41.42 42.33
Households: 1,257 5,769 13,523


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