585 E ANDREWS JOHNSON HWY 11-E

Retail-Commercial for Sale
Catylist Listing ID: 30647779
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Parking Facility, Vehicle Related, Other
Building Size (RSF): 1,435 SF
Gross Land Area: 1.18 Acres
Sale Price: $412,500 - 425,000
Unit Price: $287.46 - 296.17 PSF
Ceiling: 8 ft.
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: 585 E ANDREW JOHNSON HWY 11-E
Usable Size (USF): 1,435 SF
Core Factor: 1,435%
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 80
Last Updated: 9/7/2020

Overview / Comments

GREENEVILLE 11-E By-Pass location with 323 ft. road frontage for this 1.18 ACRE LEVEL LOT. • HIGH TRAFFIC COUNT of 30,500 plus Average Daily Traffic Count at this CHOICE LOCATION on HWY 11-E, EAST ANDREW JOHNSON HWY, across from CHINA BUFFET, west-bound side of four-lane. • Annual income potential with 1435 sq.ft former store, unfinished mechanics basement, car-lot office building, locked fenced lot, and open parking lot. Disclosure agreement required to review annual income. • Certification is available that former fuel tanks have been REMOVED.

Additional Details

Nearest MSA: Greeneville
County: Greene
Taxing Authority: GREENEVILLE / GREENE COUNTY
Tax ID/APN: 030087 07600
Zoning: B-4
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: SUBWAY restaurant and CLAYTON MOBILE HOMES
Property Visibility: Excellent
Largest Nearby Street: INDUSTRIAL ROAD
Feet of Frontage: 323
Highway Access: TWO ACCESS cuts at HWY 11-E, westbound side of four-lane
Airports: Greeneville Municipale, 3 miles; Tri-Cities 36 miles; Knoxville M-T, 84 miles.
Site Description: LEVEL LOTS WITH 323 ROAD FRONTAGE NORTHSIDE OF HWY 11-E, EAST ANDREW JOHNSON HWY
Area Description: HIGH TRAFFIC COUNT WITH OVER 30,000 AVG DAILY TRAFFIC COUNT
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 750 SF
Property Condition: Fair
Year Built: 1973
Year Renovated: 2005
Roof Type: Flat
Construction/Siding: Block, Brick
Exterior Description: BRICK on block building, flat roof, parking, metal canopy; former gas station; tanks have been removed.
Total Parking Spaces: 12
Parking Ratio: 8.2 (per 1000 SF)
Parking Type: Surface
Parking Description: OPEN SURFACE, ASPHALT AND GRAVEL
Sprinklers: None
Internet Access: Cable, DSL, Satellite
Interior Description: rough, garage, needs work
Zoning Description: M-1, B-4
Lot Frontage: 323
Lot Depth: 140 - 300 ft
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,096 19,843 31,622
Median Age: 41.16 41.22 41.98
Households: 1,750 8,213 12,966

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