Multifamily Property with
1053 E Tri County Blvd Oliver Springs, TN 37840
1053 E Tri County Blvd, Oliver Springs, TN, 37840
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For Sale
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Pending
Conversion to mixed-use multifamily and hospitality is underway, with C-3 zoning allowing alcohol-permitted restaurant use.
Days on Market103
Property Features for 1053 E Tri County Blvd
General Information
- Standard status
- Pending
- Property subtype
- Hospitality
Listing agency
NAI Koella | RM Moore
Listed by
Matt Fentress · License #TN 253992
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 6:20PM Checked: Jul 21 at 6:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Koella | RM Moore
Investment Insights
Based on property information with market context.
Conversion is in progress for a mixed-use multifamily and hospitality concept, with opportunity for 40+ units. The seller states the process includes meetings with the Oliver Springs City Commission and has been started with the Roane County Building Department for the conversion.
The plan also includes mixed-use retail, with alcohol permitted with restaurant use under C-3 zoning (as described in the remarks). The seller indicates the ability to finance and offers a 6 to 12-month advisory/transition period to support onboarding for the conversion.
The seller also notes potential short-term leasing back of a portion of the building during the transition. The remarks cite approximately 150,000 visitors annually to Windrock Park and 19,000 vehicles daily on E Tri County, and the property is described as less than 4 miles from Windrock Park.
The plan also includes mixed-use retail, with alcohol permitted with restaurant use under C-3 zoning (as described in the remarks). The seller indicates the ability to finance and offers a 6 to 12-month advisory/transition period to support onboarding for the conversion.
The seller also notes potential short-term leasing back of a portion of the building during the transition. The remarks cite approximately 150,000 visitors annually to Windrock Park and 19,000 vehicles daily on E Tri County, and the property is described as less than 4 miles from Windrock Park.
Key Highlights
- Conversion into multifamily/hospitality is underway, with the process started through Roane County Building Department
- Oliver City Commission has been met with and the conversion process has started
- Opportunity for 40+ units as part of the proposed multifamily/hospitality conversion
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Conversion to mixed-use multifamily and hospitality is underway, with C-3 zoning allowing alcohol-permitted restaurant use.
Where is this apartment building located?
The property is located at 1053 E Tri County Blvd Oliver Springs, TN.
What are key features of this property?
This property features: Conversion into multifamily/hospitality is underway, with the process started through Roane County Building Department; Oliver City Commission has been met with and the conversion process has started; Opportunity for 40+ units as part of the proposed multifamily/hospitality conversion
