West Knoxville Commercial Bldg Lovell Rd @ I-40/75

Retail-Commercial for Sale
Catylist Listing ID: 30349043
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Building Size (RSF): 4,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.68 Acres
Sale Price: $660,000
Unit Price: $165 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/14/2018

Overview / Comments

Rare opportunity to buy or lease a commercial building on busy Lovell Rd near the interstate and Turkey Creek. High visibility Location with excellent Traffic Counts, Pylon Sign and interstate access. Recently vacant – Great for Owner/Occupant or Investor.

4,000 SF building with county CB zoning allowing Medical, Professional Office, Retail, Restaurant, Indoor recreational, studios, clinics and laboratories, Indoor pet services and veterinary establishments and more.

Owner will sell or lease and will consider lease/purchase, seller financing etc.

Excellent location at I-40/75 on Lovell Road across from Lexington Drive.

Built in 1981, this clear span block building can easily be dressed up to have an updated appearance. Has 27 parking spaces (6.75 ratio) with potential for cross parking easement with adjacent store.

Located in Unincorporated Knox County so property taxes are low.

Exceptionally high traffic counts!
39,259 ADT on Lovell Rd
123,981 ADT on I-40/75

44’ x 98’ CMU Building with Gable Roof; Clear Span (no posts).

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox County
Tax ID/APN: 131 02503
Zoning: CB
Retail Clientele: General, Business, Traveler, Other
Property Located Between: I-40/75 and Murdock Dr
Property Visibility: Excellent
Largest Nearby Street: Lovell Rd
Feet of Frontage: 125
Traffic/Vehicle Count: 39,259
Airports: TYS
Area Description: Located in high traffic retail area
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1981
Construction/Siding: Block
Total Parking Spaces: 27
Parking Type: Surface
Sprinklers: None
Interior Description: Carpeted showroom
Zoning Description: CB zoning
Lot Frontage: 125
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,272 40,142 102,977
Median Age: 39.91 41.73 39.52
Households: 2,483 15,859 40,915
The information presented herein is provided as is, without warranty of any kind. Neither Knoxville Area Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.