131 N Hall Road, Alcoa, TN 37701
$2,200,000
Property Type:
Commercial Sale
Square Footage:
40,324
Lot Size (sq. ft.):
159,430
Status:
Closed
Current Price:
$2,200,000
List Date:
12/08/2011
Last Modified:
8/22/2024
Overview
Description
Commercial property offered for sale fee simple, subject to a long-term lease with the sole tenant, Food City/Gas 'n Go, who just entered the first of six 5-year lease renewal terms in March, 2011. The center is prominently located as the corner property at a traffic light intersection. It fronts a high traffic local street and is bounded by streets on all four sides. The landlord is responsible for limited external improvement repairs, maintenance, and future capital improvement responsibilities, and has incurred no costs in the past three years. The tenant maintains the roof.
Listing Details MLS# 171543
General Property Information
- Lot Size Acres
- 3.66
- Living Area
- 40324
- Business Name
- Food City/Gas 'N Go
- Year Built
- 1962
- Bonus Room YN
- No
- Sign On Property YN
- No
- List Price/SqFt
- 58.28
- Sold Price/SqFt
- 54.56
- Number Of Buildings
- 0
- Number of Bonus Rooms
- 0
Property Features
Business Type:
Auto Service; Convenience Store
Construction Materials:
Brick; Masonry; Steel Frame
Documents Available:
Aerial Photo
Exterior Features:
Lighting
Levels:
One
Listing Terms:
Cash; Conventional; Fee Simple Improved
Parking Features:
On Site; Paved
Possession:
Negotiable
Possible Use:
Other
Road Frontage Type:
City Street
Road Surface Type:
Paved
Utilities:
Electricity Connected; Phone Available; Sewer Connected; Water Connected
Showing Requirements:
Appointment Only; Call Listing Agent
Location Tax and Legal
- Street Number
- 131
- Street Direction Prefix
- N
- Street Name
- Hall
- Street Suffix
- Road
- County
- Blount
- State
- TN
- Zip Code
- 37701
- Property Sub Type
- Other
- MLS Area Major
- Other
- Subdivision Name
- Other
Contract Information
- Original List Price
- 2350000
- Listing Contract Date
- 2011-12-08
- Owner Name
- Wood Agency
- 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
Remarks and Miscellaneous
- Public Remarks
- Commercial property offered for sale fee simple, subject to a long-term lease with the sole tenant, Food City/Gas 'n Go, who just entered the first of six 5-year lease renewal terms in March, 2011. The center is prominently located as the corner property at a traffic light intersection. It fronts a high traffic local street and is bounded by streets on all four sides. The landlord is responsible for limited external improvement repairs, maintenance, and future capital improvement responsibilities, and has incurred no costs in the past three years. The tenant maintains the roof.
- Directions
- Located on North Hall Road (Highway 35) in Alcoa, TN.
Status Change Information
- Major Change Timestamp
- 2012-04-10T05:33:51Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2012-04-10
- Purchase Contract Date
- 2012-01-17
- Close Date
- 2012-04-10
- Close Price
- 2200000
- Buyer Financing
- Conventional
More Information
Currently Not Used
- Book/Page/Doc #
- 551, 182
Location, Tax, and Legal
- Restrictive Covenants YN
- Yes
- Zoning
- Comm./Indust.
- Zoning Entity
- Other
- Tax Lot
- 00
- Tax Annual Amount
- 28000
- Tax Year
- 2010
Construction Materials
- Brick
- Yes
- Masonry
- Yes
- Steel Frame
- Yes
Documents Available
- Aerial Photo
- Yes
Exterior Features
- Lighting
- Yes
Levels
- One
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Fee Simple Improved
- Yes
Parking Features
- On Site
- Yes
- Paved
- Yes
Possession
- Negotiable
- Yes
Road Frontage Type
- City Street
- Yes
Road Surface Type
- Paved
- Yes
Utilities
- Electricity Connected
- Yes
- Phone Available
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Income and Expenses
- Maintenance Expense
- 0
Possible Use
- Other
- Yes
Business Type
- Auto Service
- Yes
- Convenience Store
- Yes
Showing Requirements
- Appointment Only
- Yes
- Call Listing Agent
- Yes
Listing Office:
Sperry Van Ness/R M Moore, LLC
Last Updated: August - 22 - 2024
Information deemed reliable but not guaranteed.