Retail Space off of Norris Freeway

Retail-Commercial for Sale
Also listed as Multi-Family
Catylist Listing ID: 30842347
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Other
Building Size (RSF): 3,408 SF
Gross Building Area: See Agent
Gross Land Area: 1.11 Acres
Sale Price: $325,000
Unit Price: $95.36 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/29/2023

Overview / Comments

2,600 SF retail space right off of the Norris Freeway with ample parking and access off of Miller Rd. The retail space is currently an unconditioned shell, ready for a new owner to make whatever they want with it. Property was formerly used as a deli/ice cream shop and benefitted from traffic travelling to and from Norris Dam. At the back of the retail business with its own entrance, there is a partially finished 260 SF efficiency unit that is framed and has rough ins for a bathroom and kitchen. There is also a sizable basement storage area.

In addition to the retail space, there is also an 800 SF manufactured home with 2 bedrooms, 2 baths, on its own separate electric and water, that is currently vacant but ready to rent or used by an owner occupant.


Finance Data Year 2022
Real Estate Taxes - Annual($) $1,430 (Annual)
Tax Value Land $158,900
Tax Value Improvements $71,200

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 018 094
Zoning: CA
Feet of Frontage: 222
Site Description: 1.11-acre lot off of the intersection of Norris Freeway (441) and Miller Rd. The property is in the County, so no city property taxes. Municipal water that is separated on 2 meters, with a septic system. Electric is on 2 meters as well. Approximately 16 paved parking spaces at the front of the building. There is additional covered storage at the rear of the property.
Area Description: Norris Freeway (441) and Miller Rd.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Fair
Year Built: 1950
Construction/Siding: Concrete
Parking Type: Surface
Lot Frontage: 222
Lot Depth: 219

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 18,488 48,575
Median Age: 41.26 40.1
Households: 6,976 19,215


Photograph of Listing Agent

David Faulkner

Wallace Commercial ETNRCRE Member
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