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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
Overview
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.
Listing Details MLS# 195660
General Property Information
- Number Of Buildings
- 2
- Lot Size Dimensions
- 240/355//
- Lot Size Acres
- 2.02
- Living Area
- 13850
- Business Name
- Peach Tree Plaza
- Year Built
- 2000
- Bonus Room YN
- No
- Sign On Property YN
- No
- List Price/SqFt
- 216.61
- Sold Price/SqFt
- 201.81
- Number of Bonus Rooms
- 0
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
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
Contract Information
- Original List Price
- 3000000
- Listing Contract Date
- 2015-03-27
- 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
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
- Major Change Timestamp
- 2015-08-05T05:36:15Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2015-08-05
- Purchase Contract Date
- 2015-07-14
- Close Date
- 2015-08-05
- Close Price
- 2795000
- Buyer Financing
- Cash
More Information
Currently Not Used
- Book/Page/Doc #
- 3637, 262
Showing Requirements
- Showing Instructions
- Agents: Please do not disturb business operations. Contact listing agent to arrange showings.
- Appointment Only
- Yes
- Call Listing Agent
- Yes
Location, Tax, and Legal
- Restrictive Covenants YN
- Yes
- Zoning
- C-4
- Zoning Entity
- Sevierville
- Tax Lot
- 6
- Tax Annual Amount
- 14227
- Tax Year
- 2014
Levels
- One
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Fee Simple Improved
- Yes
Parking Features
- On Site
- Yes
- Paved
- Yes
Possession
- Close Of Escrow
- Yes
Road Frontage Type
- City Street
- Yes
- Highway
- Yes
Road Surface Type
- Paved
- Yes
Utilities
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Phone Available
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Income and Expenses
- Maintenance Expense
- 0
Possible Use
- Office
- Yes
- Retail
- Yes
- Other
- Yes
Business Type
- Convenience Store
- Yes
- Retail
- Yes
Listing Office:
Sperry Van Ness/R M Moore, LLC
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.