Listing Agency: Keller Williams Smoky Mountains

Listed By: Jacob Collins · License #TN

Source: Crexi

Added: Apr 13 Changed: Aug 8 Last Checked: Aug 10 at 8:45AM

Report an Issue

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 Keller Williams Smoky Mountains

Investment Insights

Based on property information with market context.

This three-building property includes retail space in the main building, along with multiple residential units. The main building offers over 4,400 square feet of retail space, with additional over 2,200 square feet upstairs. The property also includes a 2-bedroom, 1-bath apartment and a 2-bedroom, 2-bath apartment, as well as a 1-bedroom, 1-bath cottage with 644 square feet.

The site offers both road frontage and river frontage and totals more than 2.5 acres. The 2/1 apartment has been rented for two years, and the 1-bedroom cottage is currently rented.

A third building is on-site and could be finished to add another 1-bedroom, 1-bath cottage of over 1,100 square feet, expanding the existing income component.

Key Highlights

• Over 2.5 acres with road frontage and river frontage plus a three‑building setup
• Retail space in the main building with 4,400+ sq ft, plus 2,200+ sq ft upstairs
• Rental apartments include a 2 bed/1 bath unit rented for 2 years at $900/month

Property Analytics

Property Profile

Current Use

Antiques Outlet Mall Home Decor Store

Suggested Use

Top Pick Auto Parts Store Real Estate Agency Auto Repair Shop Restaurant (Bike/Boat/Book/etc) Store Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

22

Businesses Nearby

Explore this area Business Placement

Demographics for 37886, TN

4,481

Population

1,808

Households

2.5

Avg Household Size

50

Median Age

25%

College-Educated

89%

High-School Grad

42.4 sq mi

ZIP Area

106

Density / Sq Mi

$65,719

Median Household Income

$41,112

Median Earnings

$973

Median Rent

$207,000

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Frequently Asked Questions

What type of property is this?

Retail space - Three-building setup with retail space plus rental apartments and a cottage on more than 2.5 acres.

Where is this retail space located?

The property is located at 4531 E Lamar Alexander Pkwy Walland, TN.

What are key features of this property?

This property features: Over 2.5 acres with road frontage and river frontage plus a three‑building setup; Retail space in the main building with 4,400+ sq ft, plus 2,200+ sq ft upstairs; Rental apartments include a 2 bed/1 bath unit rented for 2 years at $900/month