Catylist ID:
#30848454
Fantastic Commercial Location on Highway 92
Retail-Commercial
for Sale
| Catylist Listing ID: | 30848454 |
| Property Subtypes: | Free-Standing Building, Garden Center, Restaurant, Street Retail |
| Building Size (RSF): | 1,200 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $250,000 |
| Unit Price: | $208.33 PSF |
| Property Use Type: | Investment, Business |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 12/6/2023 |
Overview / Comments
|
This property with approximately one acre on Highway 92 in Dandridge is improved with a loft barn known as "the Mill." The Mill is sound and that retains its rustic charm. The property is situated at a signalized intersection at Hwy 92 and Dumplin Valley Road, directly in front of the Jefferson County Farmers Co-Op and right across Hwy 92 from Jefferson County High School. Visibility and access are both excellent. The Mill building could be used as storage/office/retail space, and the land, given its great location, could be readily repurposed for a commercial use that requires good exposure and that needs to offer convenience, such as a small c-store or restaurant. The property is currently zoned residential, an effect of its earlier annexation by the town of Dandridge. When that occurred, all properties annexed defaulted to residential zoning. Changing the zoning to accommodate commercial uses would not be difficult. |
Additional Details
| Nearest MSA: | Morristown |
| County: | Jefferson |
| Taxing Authority: | Dandridge TN + Jefferson County TN |
| Tax ID/APN: | 04505701102 |
| Retail Clientele: | General, Family, Traveler |
| Property Visibility: | Excellent |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 7,492 | 18,823 |
| Median Age: | 40.33 | 37.7 |
| Households: | 2,818 | 6,892 |
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