Rite Aid | 856 Highway 411 N
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Rite Aid 856 Highway 411 N
8,000 SF Retail Building Etowah, TN 37331 £643,858 (£80/SF)
Investment Highlights
- former pharmacy
- ideal for retail or street retail investment
- Excellent visibility, accessibility & convenience
- Spacious 8,600 SF free standing building
- offering flexible business opportunities
Executive Summary
The charm of Etowah, TN, is where small-town ambiance meets modern convenience. Located within close proximity to the foothills of the Great Smoky Mountains, the area offers a picturesque backdrop for work and leisure. Enjoy easy access to local amenities, including the popular L&N Train Depot Museum, perfect for a cultural outing. The town capitalizes on its historical assets to attract visitors and boost local retail. For nature enthusiasts, nearby Hiwassee River provides opportunities for outdoor adventure. With a variety of dining options and shops in the downtown area, the location offers a perfect blend of tranquility and convenience for professionals seeking an ideal work-life balance. Etowah has leveraged its historical railroad infrastructure to develop an industrial park, attracting businesses and creating jobs. Etowah's retail sector benefits from heritage tourism, with efforts to enhance downtown development. The presence of value retail and coordinated business operations with the tourist traffic are notable features.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Sale Condition
Shell & Core
Property Type
Retail
Property Subtype
Building Size
8,000 SF
Building Class
C
Year Built
1993
Price
£643,858
Price Per SF
£80
Tenancy
Single
Number of Floors
1
Building FAR
0.21
Land Acres
0.89 AC
Opportunity Zone
Yes
Zoning
C - - Zoned for commercial use, - Prime lo
Parking
30 Spaces (3.75 Spaces per 1,000 SF Leased)
Frontage
109 ft on Tennessee Ave
Amenities
- Pylon Sign
Space Availability
- Space
- Size
- Space Use
- Position
- Available
This space was vacated by Walgreens. It is a second generation space. This is next to but NOT part of the center shown. It is a totally freestanding location.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 8,000 SF | Retail | Outparcel | Now |
1st Floor
| Size |
| 8,000 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Now |
1st Floor
| Size | 8,000 SF |
| Space Use | Retail |
| Position | Outparcel |
| Available | Now |
This space was vacated by Walgreens. It is a second generation space. This is next to but NOT part of the center shown. It is a totally freestanding location.
PROPERTY TAXES
| Parcel Number | 107G-A-036.00 | Total Assessment | £184,594 (2023) |
| Land Assessment | £79,152 (2023) | Annual Taxes | -£8,000 (-£1.00/sf) |
| Improvements Assessment | £105,442 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
107G-A-036.00
Land Assessment
£79,152 (2023)
Improvements Assessment
£105,442 (2023)
Total Assessment
£184,594 (2023)
Annual Taxes
-£8,000 (-£1.00/sf)
Tax Year
2024
-
Power Broker Justin Sterling -
Michelle Gibbs -
Ryan McElveen -
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Rite Aid | 856 Highway 411 N
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