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    Retail Space Near National Park Title is generated by Realmo AI

    141 Painted Trillium Wy, Townsend, TN

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    Retail property in Trillium Cove Shopping Village, near Smoky Mountains.

    Type:RETAIL
    Property size:
    3,128 SF
    Lot size:
    3.65 Acres
    Price / SF:
    $191/SF
    Added:
    Jul 3, 2024
    Days on Market:
    711
    Last Refresh:
    May 20 at 9:15 pm

    Property Features for 141 Painted Trillium Wy

    General Information

    Standard status
    Active
    Size
    3,128 SF
    Lot size
    3.65 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Chad Rochelle

    Listing agent Chad Rochelle

    Listing office Parkside Realty Services

    Listing date Jul 3, 2024

    Source Moodyscre

    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 Parkside Realty Services

    HighLights

    • Prime location: Less than 2 miles from the Great Smoky Mountains National Park (Cade's Cove entrance).
    • Flexible space: Easily divisible into two separate units.
    • Potential for immediate income: Owner willing to lease back one unit.
    • Low HOA fee: $75/month covers water, mowing, and private septic system maintenance.
    • Located in Trillium Cove Shopping Village: Pedestrian‑friendly with connecting sidewalks.
    • High traffic area: Adjoins Hwy 321 and the Townsend Walking/Biking paths.

    Overview

    Located in the Trillium Cove Shopping Village, less than two miles from the entrance to the Great Smoky Mountains National Park (Cade's Cove entrance), this building contains two units. Each unit provides 1564 square feet, totaling 3128 square feet. The units are currently combined to create a larger shop space that functions as a retail and stained glass shop. However, the units can be separated for use as two distinct spaces, as they have separate electric meters. Public utility water, mowing, and private septic system maintenance by Tennessee Wastewater are included in the $75/month HOA fee. The owner is open to leasing back one unit for a period of 1-2 years, with potential for a longer term, depending on the buyer's requirements. Trillium Cove Shopping Village consists of 25 units within a Planned Unit Development, featuring connecting sidewalks, common areas, and landscaping to facilitate a pedestrian shopping environment. The development is encircled by a one-way road with parking spaces, along with an additional overflow parking lot at the rear. It is adjacent to Hwy 321 (East Lamar Alexander Parkway) and the Townsend Walking and Biking paths, which run along both sides of the highway and are connected by three tunnels. Townsend benefits from significant traffic volume as a gateway city to the Great Smoky Mountains National Park, which attracts close to 14 million visitors annually, with Cades Cove being the park's most visited destination.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $72.1k $23.04
    − Vacancy −$3.0k −$0.97
    EGI $69.0k $22.07
    − OpEx −$20.7k −$6.62
    NOI $48.3k $15.45
    3,128 SF · lease $23.04/SF/yr · vacancy 4.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $690.4K
    $604.1K – $805.5K (±1% cap)
    NOI $48,330 @ 7.0% cap · market cap 8.06%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.26M
    $1.10M – $1.47M (±1% cap)
    NOI $88,153 @ 7.0% cap · market cap 14.69%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Pharmacy Auto Parts Store Hotel & Motel Food Market Bar & Pub Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Townsend
    County
    Blount
    State
    Tennessee
    Longitude
    -83.7384
    Latitude
    35.6798

    FAQs

    What type of property is this?
    Retail space - Retail property in Trillium Cove Shopping Village, near Smoky Mountains.
    Where is this retail space located?
    The property is located at 141 Painted Trillium Wy Townsend, TN.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: Prime location: Less than 2 miles from the Great Smoky Mountains National Park (Cade's Cove entrance).; Flexible space: Easily divisible into two separate units.; Potential for immediate income: Owner willing to lease back one unit.
    (865) 216-6898 Call to check price and availability
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