230 Tennessee Ave.

Retail-Commercial for Sale
Catylist Listing ID: 30715473
Property Subtypes: Free-Standing Building, Service Station/Gas Station
Building Size (RSF): 2,400 SF
Gross Land Area: 0.34 Acres
Sale Price: $250,000
Unit Price: $104.17 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Former Gas Station
Usable Size (USF): 2,400 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/5/2021

Overview / Comments

Vacant 2,400 SF former gas station, located at the signalized intersection of Tennessee Ave.(aka US Hwy. 411) and 3rd St.,in Etowah, TN providing high traffic counts of 13,867 AADT. The property has excellent access and visibility and is surrounded by retail and QSR users.

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: 054107O C 06300
Zoning: COMMERCIAL
Retail Clientele: General, Business
Property Visibility: Excellent
Largest Nearby Street: Hwy 411
Feet of Frontage: 100
Traffic/Vehicle Count: 13,867
Highway Access: Full access off Hwy. 411
Site Description: Hard corner of Hwy. 411 & 310 with excellent visibility & access.
Area Description: Situated outside of Knoxville and East of Chattanooga, TN.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,400 SF
Property Condition: Good
Year Built: 1981
Construction/Siding: Brick
Parking Type: Surface
Zoning Description: C-2
Lot Frontage: 100'
Lot Depth: 150'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 665 8,184 10,772
Median Age: 41.91 44.09 43.8
Households: 288 3,349 4,327

Contact

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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