4903 Strawberry Plains Pike, Knoxville, TN 37914
- Retail properties & Spaces
- 2,400 SF
- 0.38 lot acres
Current Use by Public Records
- Olde Virden’s Tennessee Pepper Co. / Big Box & Wholesale Store / Grocery & Convenience Store
Property Details for 4903 Strawberry Plains Pike
- Lot size
- 0.38 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Mixed-use properties
Description
This exceptional two-story mixed-use property in Knoxville, Tennessee, presents a lucrative investment opportunity. Located at 4903 Strawberry Plains Pike, 37914, this 0.38-acre lot boasts a building size ranging from 2,400 to 2,700 square feet, currently configured as a convenience store and grocery store with storefront access. The property features two units, ideal for a variety of retail and/or restaurant uses. Its prime location offers high visibility and significant drive-by traffic, making it an attractive proposition for entrepreneurs seeking a thriving business environment. The asking price is $316,000, with a compelling 7.25% capitalization rate. This property is conveniently situated a short distance from Downtown Knoxville, tapping into a market eager for new retail and restaurant options. The property's versatility and strong location make it a highly desirable investment, promising substantial returns. Serious inquiries are encouraged to explore this exceptional opportunity to acquire a well-positioned mixed-use property in a rapidly growing area. The property is zoned for mixed-use development, offering flexibility for future expansion or adaptation to changing market demands. This is a rare chance to secure a high-yield investment in a prime Knoxville location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Knoxville
- County
- Knox
- State
- Tennessee
- Longitude
- -83.8444
- Latitude
- 35.9775
