2505 Decatur Pike Athens, TN

Retail-Commercial for Sale
Catylist Listing ID: 30715698
Property Subtypes: Convenience Store, Free-Standing Building, Street Retail
Building Size (RSF): 2,450 SF
Gross Land Area: 0.70 Acres
Sale Price: $510,000
Unit Price: $208.16 PSF
Property Use Type: Vacant/Owner-User
Building Name: Former Gas Station
Usable Size (USF): 2,450 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/21/2021

Overview / Comments

Former gas station located approximately .4 miles from I-75.The property provides full access off Decatur Pike with over 19,000 VPD, is highly visible and is surrounded by national retail and restaurant users, convenience stores and hospitality users. Property has potential for many users with the potential of a drive-thru.

Property is subject to use restrictions listed below:

The Property shall not be used for any of the following: (a) for the sale of any food or food products, dairy products, coffee or coffee based products, and soft drinks, except as may be sold through vending machines or as may be sold by a sit-down restaurant or bar, (b) as a convenience store, (c) for retail sale of gasoline or motor fuels, (d) for retail sale of electronic cigarettes, cigarettes, and tobacco products, (e) for the retail sale of beer and wine for off-premises consumption, (f) for the sale of food, drinks and/or snacks utilizing a mobile or “food truck” type use, including, without limitation, a moveable trailer, van or truck, (g) for the sale of lottery tickets, (h) as a self-service or full-service car wash, (i) for the operation of a national discount variety, including but not limited to, Dollar General, Dollar Tree, 99 Cents Only or Family Dollar and (j) for any use ancillary (including, but not limited to, a parking lot, stormwater drainage retention pond or other stormwater purposes) to a business engaged in the restricted activities referred to in subclauses (a) through (i) above. As used herein, the phrase "sale of gasoline or motor fuels" shall include the sale or lease of any other energy source for motor vehicles as may hereafter be used in conjunction with or as an alternative to gasoline.

Additional Details

Nearest MSA: Athens
County: McMinn
Taxing Authority: McMinn County
Tax ID/APN: 055 035.00 000
Retail Clientele: General, Business
Largest Nearby Street: Decatur Pike
Feet of Frontage: 175
Traffic/Vehicle Count: 19,000
Highway Access: Less than .40 miles from I-75
Site Description: Easily accessible from I-75N, level topography, with 175' of frontage on Decatur Pike. Surrounded by other convenience store users, QSRs and national retail and resaturant users.
Area Description: Athens, TN is located in the foothills of the Great Smoky Mountains between Chattanooga & Knoxville, Tennessee
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1988
Roof Type: Other
Construction/Siding: Block
Exterior Description: Concrete Block
Parking Type: Surface
Zoning Description: Commercial
Lot Frontage: 175'
Lot Depth: 175'
Water Service: Municipal
Easements: Other
Easements Description: Shared easement with campground to the rear

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,368 11,522 27,526
Median Age: 39.4 40.14 40.52
Households: 615 4,940 11,083


Photograph of Listing Agent

Arnold E Farmer

Pointe Commercial Real Estate Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Russell P Elliott

Pointe Commercial Real Estate Greater Chattanooga REALTORS® Member
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