Commercial Investment Property, Maryville TN
Retail-Commercial
for Sale
| Catylist Listing ID: |
30860646 |
| Property Subtypes: |
Restaurant
|
| Building Size (RSF): |
1,924 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.43 Acres
|
| Sale Price: |
$459,000 |
| Unit Price: |
$238.57 PSF |
| Property Use Type: |
Investment |
| Building Name: |
Richy Kreme Building |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
12/11/2023 |
Overview / Comments
|
Own this iconic building on E Broadway Ave, Maryville. The 2 buildings were completely remodeled in 2018. Richy Kreme Donuts just renewed their lease for 3 more years. Richy Kreme has operated here for more than 20 years.
|
Current Tenants
| Tenant Business Name |
Richy Kreme Donuts |
| Is Renting? |
Yes |
| SF of Space Occupied |
1,924 SF |
| Lease Expiration |
2/2027 |
| Tenant Notes |
This rent goes into effect on 2/1/24. |
| Tenant Business Name |
Church Parking Lot Lease |
| Is Renting? |
Yes |
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Blount |
| Taxing Authority: |
Blount County |
| Tax ID/APN: |
005037GC04700 |
| Zoning: |
COMMERCIAL |
| Retail Clientele: |
General |
| Property Visibility: |
Excellent |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
2 |
| Number of Stories: |
1 |
| Property Condition: |
Good |
| Year Built: |
1950 |
| Year Renovated: |
2018 |
| Roof Type: |
Arched |
| Total Parking Spaces: |
15 |
| Parking Type: |
Surface |
| Parking Description: |
The property comes with a separate parking lot behind the restaurant. |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Davis Select Properties, LLC |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
6,935 |
34,026 |
65,886 |
| Median Age: |
36.35 |
39.27 |
40.1 |
| Households: |
2,913 |
13,727 |
26,960 |
|
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