550-570 Winfield Dunn Parkway, Sevierville, TN 37862
$2,795,000
Property Type:
Commercial Sale
Square Footage:
13,850
Lot Size (sq. ft.):
87,991
Status:
Closed
Current Price:
$2,795,000
List Date:
3/27/2015
Last Modified:
8/23/2024
Description
This attractive, well-maintained and fully leased neighborhood retail center features a rectangular building with six in-line units. Additionally, a small part of the property is ground leased long-term to a diner restaurant tenant. The center is located in a bustling commercial area with numerous restaurants, hotels, big box home improvement stores, and other retailers. A new 185,000 sq.ft. retail development is under construction nearby. Strong cap rate upside if all lease contract provisions are enforced. High visibility location with easy access for local and tourist traffic. New roof within past two years.
More Information MLS# 195660
Location, Tax, and Legal
Restrictive Covenants YN: Yes
Zoning: C-4
Zoning Entity: Sevierville
Tax Lot: 6
Tax Annual Amount: 14227
Tax Year: 2014
Contract Information
Owner Name: H O H
Listing Agreement: Exclusive Right To Sell
Rental History Gross Amount 1: 0
Rental History Year 1: 0
Rental History Gross Amount 2: 0
Rental History Year 2: 0
Association Fee: 0
Current Price: $2,795,000
Original List Price: 3000000
Sold Price: $2,795,000
Status: Closed
Listing Contract Date: 2015-03-27
General Property Information
Number Of Buildings: 2
Lot Size Dimensions: 240/355//
Lot Size Acres: 2.02
Business Name: Peach Tree Plaza
Bonus Room YN: No
Number of Bonus Rooms: 0
Sign On Property YN: No
List Price/SqFt: 216.61
Sold Price/SqFt: 201.81
Living Area: 13850
Year Built: 2000
Remarks and Miscellaneous
Public Remarks: This attractive, well-maintained and fully leased neighborhood retail center features a rectangular building with six in-line units. Additionally, a small part of the property is ground leased long-term to a diner restaurant tenant. The center is located in a bustling commercial area with numerous restaurants, hotels, big box home improvement stores, and other retailers. A new 185,000 sq.ft. retail development is under construction nearby. Strong cap rate upside if all lease contract provisions are enforced. High visibility location with easy access for local and tourist traffic. New roof within past two years.
Directions: From the 411/441 intersection in Sevierville, take Hwy. 66 (Winfield Dunn Parkway) to Peach Tree Plaza on the Left, in front of Lowe's.
Status Change Information
Status Change Timestamp: 2015-08-05
Buyer Financing: Cash
Major Change Timestamp: 2015-08-05T05:36:15Z
Major Change Type: Status Change
Purchase Contract Date: 2015-07-14
Close Date: 2015-08-05
Close Price: 2795000
Currently Not Used
Book/Page/Doc #: 3637, 262
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
Fee Simple Improved: 1
Parking Features
On Site: 1
Paved: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Highway: 1
Road Surface Type
Paved: 1
Utilities
Electricity Connected: 1
Natural Gas Connected: 1
Phone Available: 1
Sewer Connected: 1
Water Connected: 1
Income and Expenses
Maintenance Expense: 0
Possible Use
Office: 1
Retail: 1
Other: 1
Business Type
Convenience Store: 1
Retail: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Showing Instructions: Agents: Please do not disturb business operations. Contact listing agent to arrange showings.
Location Tax and Legal
Street Number: 550-570
Street Name: Winfield Dunn
Street Suffix: Parkway
County: Sevier
State: TN
Zip Code: 37862
Property Sub Type: Other
MLS Area Major: Sevierville
Subdivision Name: Other
Property Features
Business Type: Convenience Store; Retail
Levels: One
Listing Terms: Cash; Conventional; Fee Simple Improved
Parking Features: On Site; Paved
Possession: Close Of Escrow
Possible Use: Office; Retail; Other
Road Frontage Type: City Street; Highway
Road Surface Type: Paved
Utilities: Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected
Showing Requirements: Appointment Only; Call Listing Agent
Listing Office:
Sperry Van Ness/R M Moore, LLC
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.