$2,225,000
Merchant Village II Center
Details
APN 068LA005 and 068LA022
Property Type Retail
Sub Type Storefront, Strip center
Square Footage 16,180
Units 3
Tenancy Multi
Broker Co-Op Yes
Year Built 1978
Acreage 2.190
Zoning C-H-2
Investment Type Owner/User
16,180 SF building designed for multiple tenants.
Marketing description
3 tenant neighborhood strip center.
Investment highlights
- Tenants are Peyton's Place (10,400 SF), former insurance office (1,900 SF) and WaveMAX (3,880 SF)
- Investment or Owner/User opportunities (up to 12,300 SF can be assembled for an owner/user).
- TPO roof installed in 2009.
- Excellent parking ratio 6:1000 plus gravel lot leased to neighbor
- 2025 property taxes $16,070 (City of Knoxville and Knox County)
- 1,200' to I-75
- Monitored fire suppression system (wet sprinkler)
- Purchase for 1/2 of new construction cost
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