Airport Motor Mile Retail/Warehouse Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30637032
Property Subtypes: Mixed Use, Service Station/Gas Station, Vehicle Related, Other
Building Size (RSF): 8,130 SF
Gross Building Area: See Agent
Gross Land Area: 37,134 SF
Sale Price: $900,000
Unit Price: $110.70 PSF
Ceiling: 18 ft.
Office SF: 1,770 SF
Drive In Bays: 1 Bay
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/3/2020

Overview / Comments

QOZ PROPERTY! First time on the market in 50 years, this prime commercial location on the Airport Motor Mile is well suited for a retail or automotive business. Entrepreneurial buyers may consider other potential permitted uses. Daily traffic count is over 51,000. Ideally situated between Knoxville and Maryville, the property is on a corner lot with easy access via the service road. Main sales area is 1,200 SF. Warehouse is 6,360 SF with one 12' roll-up door, ceiling clearance 15', no columns, 200 amps, 2 bathrooms. A connected space to the sales showroom has a street-side separate entry that can be used for a tenant or for additional sales/storage/other use (570 SF with individual entry, bath, and HVAC). Buyer to confirm measurements.

Seller requests confidentiality when sharing this opportunity with serious buyers. No sign on property. Call Listing Agent for showings.

Site

Ideally located on a corner lot on the access road of the Airport Motor Mile (U.S. Highway 129/Alcoa Hwy/Airport Hwy).

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: 005017 17204
Zoning: E
Airports: McGhee Tyson Airport
Site Description: Ideally located on a corner lot on the access road of the Airport Motor Mile (U.S. Highway 129/Alcoa Hwy/Airport Hwy). Level.
Area Description: Located on the west side of the Airport Motor Mile in Alcoa, just two minutes to Knoxville's McGhee Tyson Airport. Daily traffic count over 51,000 and is expected to increase. Easy access to property via the service road, on the corner of Lois Lane and Alcoa Highway (Airport Highway). From I-40 and Interstate 140 (Pellissippi Parkway), travel south on Alcoa Highway (129) to property. From U.S. Hwy 321/Lamar Alexander Parkway or U.S. Hwy 411, go north on Highway 129 to Lois Lane to property.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1970
Roof Type: Other
Construction/Siding: Metal Siding, Steel Frame
Total Parking Spaces: 12
Parking Ratio: 15 (per 1000 SF)
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Lot Frontage: 181
Lot Depth: 279
Easements: Other
Easements Description: See Survey

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,059 17,820 60,536
Median Age: 38.71 39.56 41.05
Households: 865 7,667 24,871

Contact

Photograph of Listing Agent

Christa Rosenberg

Coldwell Banker Commercial Wallace Greater Nashville CIE Member
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