Multifamily Property with
For Sale
Contact for pricing
Pending
1053 E Tri County Blvd, Oliver Springs, TN 37840
Conversion to mixed-use multifamily and hospitality is underway, with C-3 zoning allowing alcohol-permitted restaurant use.
Property SizeContact for details
Days on Market144
Property Features for 1053 E Tri County Blvd
General Information
Standard status
Pending
Property subtype
Hospitality
Zoning
C-3
Additional Details
Traffic Count
19,000 vehicles/day
Listing Agency:
NAI Koella | RM Moore
Listed By:
Matt Fentress · License #TN 253992
Source:
Crexi
Added: Apr 11
Changed: Aug 16
Last Checked: Aug 29 at 5:38PM
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
Current Use
Lease Details
19,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Explore this area
Business Placement
Demographics for 37840, TN
9,330
Population
4,189
Households
2.2
Avg Household Size
44
Median Age
16%
College-Educated
87%
High-School Grad
80.7 sq mi
ZIP Area
116
Density / Sq Mi
$60,064
Median Household Income
$40,870
Median Earnings
$630
Median Rent
$185,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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
