Unique Multi-Use Retail for Sale with 46,000 cars daily
Retail-Commercial
for Sale
Also listed as Office
| Catylist Listing ID: |
30824855 |
| Building Size (RSF): |
14,862 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
2.26 Acres
|
| Sale Price: |
$1,350,000 |
| Unit Price: |
$90.84 PSF |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
5.4% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
9/21/2023 |
Overview / Comments
Visible from Alcoa Highway (46,000 cars daily) and accessible via Whitecrest Drive. One-of-a-kind mix of retail properties on 2.26 acres. One building contains a built-in heated swimming pool with 3' to 12' depth range. Additional rental income from two traditional retail buildings, one temporary building and a billboard. Total of 8 tenant units plus the billboard. Upside potential on rent. Buyer to verify all measurements, easements and property details.
No sign on property.
Do not disturb tenants.
|
Financials
| Finance Data Year |
2021 |
| Real Estate Taxes - Annual($) |
$14,474 (Annual) |
| Tax Value Land |
$388,400 |
| Tax Value Improvements |
$375,000 |
| Tax Value Personal Property |
$375,000 |
| Assessed Value - Total($) |
$305,360 (Annual) |
| Gross Operating Income |
$138,000 (Annual) |
| Net Operating Income |
$98,000 (Annual) |
| Actual or Proforma Year |
Proforma |
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Blount |
| Tax ID/APN: |
005057GA01200 |
| Zoning: |
HIR |
| Feet of Frontage: |
180 |
| Area Description: |
US Hwy 129 to Foch St to Whitecrest Dr or Foothills Mall Dr to Turner to Whitecrest Dr.
|
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
3 |
| Number of Stories: |
1 |
| Property Condition: |
Average |
| Year Built: |
1960 |
| Roof Type: |
Other |
| Construction/Siding: |
Brick, Wood Frame |
| Parking Type: |
Surface |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Other |
| Lot Frontage: |
180 |
| Lot Depth: |
315 |
| Easements: |
Electric Lines |
| Easements Description: |
Electric lines and tower. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,575 |
42,023 |
73,144 |
| Median Age: |
36.73 |
38.86 |
40.39 |
| Households: |
2,554 |
16,937 |
29,258 |
|
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|
