Income Producing in Historic Market Square
Retail-Commercial
for Sale
| Catylist Listing ID: |
30773264 |
| Property Subtypes: |
Free-Standing Building, Street Retail
|
| Building Size (RSF): |
6,032 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
3,212 SF
|
| Sale Price: |
$3,500,000 |
| Unit Price: |
$580.24 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/14/2023 |
Overview / Comments
|
Own a piece of history with this one-of-a kind property in Market Square. This stunning income-producing property is retail and residential. The retail tenant has just entered into it's 10 year base term with two (5) year options. Recent Tenant upgrades to retail store along with complete renovation of the residential unit in 2016. New HVAC units installed within the last 2+ years. Fully sprinkled building with elevator (currently not in use but operational). The residential unit features stunning millwork and architectural features including skylights, lit trey ceiling, large veranda overlooking Market Square, 2 spacious bedrooms with large bathrooms, including large half bath. Lots of storage including owners storage unit downstairs. Square footage taken from tax records, Buyer to confirm.
|
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Tax ID/APN: |
094LF017 |
| Zoning: |
DK-H |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Convention |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Gay Street |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
3,000 SF |
| Property Condition: |
Excellent |
| Year Built: |
1920 |
| Year Renovated: |
2016 |
| Roof Type: |
Flat |
| Construction/Siding: |
Brick |
| Parking Description: |
2 parking spaces can be purchased on a monthly basis at Market Square garage |
| Passenger Elevators: |
1 |
| Sprinklers: |
Wet |
| Heat Type: |
Electricity, Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
16,512 |
82,935 |
153,529 |
| Median Age: |
25.58 |
31.73 |
35.37 |
| Households: |
5,151 |
33,327 |
65,463 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither East Tennessee Realtors nor
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