1767 Broadway AveMaryville, TN 37801

Property Details for 1767 Broadway Ave

Year built

2021

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.97 AC

Property size (Sq ft)

8,794 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

005068C A 02001

APU

005068CA02001

Description

This exceptional 10-acre commercial land parcel presents a unique investment opportunity in Maryville, Tennessee. Located at 1767 W Broadway Ave, 37801, this property boasts a highly desirable location on Highway 411-S, near the Sandy Springs area. The land is zoned for Business & Transportation use, offering significant flexibility for a variety of commercial and industrial developments. With a total asking price of $5,000,000, the price per acre is $500,000. The property's APN is 005068C A 02000. This strategic location benefits from exceptional visibility and accessibility, with a traffic count exceeding 37,000 vehicles daily on Highway 411-S. Further enhancing its appeal, the property will have direct access to a new traffic signal being installed as part of a nearby Food City redevelopment project. This ensures high visibility and convenient access for potential businesses. The diverse permitted uses include commercial, industrial, self-storage, multi-family, office, retail, retail-pad, and hospitality, making it an ideal site for a wide range of development projects. Don't miss this chance to acquire a prime piece of commercial real estate in a thriving Tennessee market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,268,658

  6.5%

  $2,094,146

  7%

  $1,944,564

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,322,702

  Geo Method

  $4,322,702

• Alternative Use

  Use

  Valuation

  Residential

  $1,766,490

  Hospitality

  $1,618,096

  Educational

  $1,346,237

  Medical

  $1,392,536

  Retail

  $2,094,146

Location Insight

City

Maryville

County

Blount

State

Tennessee

Latitude

35.7334

Longitude

-83.9955

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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