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
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

View FullscreenMap

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


Photograph of Listing Agent

Charles Baine

Baine Realty Group ETNRCRE Member
© Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither East Tennessee Realtors nor Moody's assume any liability for errors or omissions.