Catylist ID:
#30837507
| Catylist Listing ID: | 30837507 |
| Property Subtypes: | Free-Standing Building |
| Building Size (RSF): | 9,014 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 1.05 Acres |
| Sale Price: | $775,000 |
| Unit Price: | $85.98 PSF |
| Property Use Type: | Vacant/Owner-User |
| Usable Size (USF): | 9,014 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 12/5/2023 |
Overview / Comments
|
This 1.05-acre tract is improved with a 9,014 SF retail building that is currently leased to Dollar General Corporation through 12/31/2023. The store is not in operation, as a new larger format (12,687 SF) Dollar General Market recently opened directly across the highway from this property. Some possible uses to consider: general merchandise store; hardware store, auto parts store; entertainment (arcade, etc.) A future Tennessee Department of Transportation highway expansion project known as the Highway 32 Project is under consideration but there are currently no definite plans. . Stand-alone retail building . Available for occupancy 01/01/2024 . Current rental income . Cosby Elementary and High School are located nearby, across the highway |
Attachments & Media
Financials
| Finance Data Year | 2022 |
|---|---|
| Real Estate Taxes - Annual($) | $5,461 (Annual) |
Additional Details
| Nearest MSA: | Newport |
| County: | Cocke |
| Tax ID/APN: | 015102 025.25 |
| Zoning: | UNZONED |
| Retail Clientele: | General, Family, Traveler, Tourist |
| Property Located Between: | Cosby Highway and Padgett Mill Road |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Cosby Highway (US 321) |
| Feet of Frontage: | 156 |
| Highway Access: | Cosby Highway |
| Site Description: | Irregularly-shaped, mostly level lot at road grade. Deeded easement for septic system on another owner's lot to rear of the property. Parking in front and on one side of building, with grassy area available for additional parking if needed. |
| Area Description: | Located in an area of retail and grocery stores, a warehouse, restaurants and bakery, and schools. |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 9,014 SF |
| Property Condition: | Good |
| Year Built: | 2006 |
| Roof Type: | Flat |
| Parking Type: | Surface |
| Parking Description: | Onsite, paved |
| Zoning Description: | Unzoned |
| Lot Frontage: | 156.4 |
| Lot Depth: | 249.45 |
| Water Service: | Municipal |
| Sewer Type: | Septic |
| Easements: | Other |
| Easements Description: | Deeded easement for septic system on another owner's lot to rear of the property. |
| Land Ownership: | Fee Simple |
| Legal Description: | 102 025.25 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 1,706 | 3,641 | 8,108 |
| Median Age: | 42.36 | 42.17 | 43.15 |
| Households: | 683 | 1,445 | 3,301 |
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