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348 S Calderwood St 1,611 SF Retail Building Alcoa, TN 37701 $650,000 ($403.48/SF)
Executive Summary
Premier real-time investment or owner-occupant opportunity located near downtown Maryville.
This free-standing,1,611 SF single-tenant building was originally custom-built for Taco Bell and is currently leased to Advance Financial. The current tenant pays $4,282 per month ($31.90 PSF gross) with a lease expiration of December 16, 2027. Notably, the lease includes a provision allowing for termination with 90 days' notice.?
The property is in excellent condition, featuring large storefront windows for natural light and ample parking. While the drive-thru is currently closed, it can be readily reopened for future operations. Given its high visibility and access from Calderwood Street, the building is ideal for various uses, including a coffee shop, smoothie bar, office, bank, pharmacy, or urgent care facility.
This location offers a strategic advantage for an owner-occupant looking to outposition the competition, or for an investor seeking premium rental income through 2027 while securing a long-term replacement tenant.
This free-standing,1,611 SF single-tenant building was originally custom-built for Taco Bell and is currently leased to Advance Financial. The current tenant pays $4,282 per month ($31.90 PSF gross) with a lease expiration of December 16, 2027. Notably, the lease includes a provision allowing for termination with 90 days' notice.?
The property is in excellent condition, featuring large storefront windows for natural light and ample parking. While the drive-thru is currently closed, it can be readily reopened for future operations. Given its high visibility and access from Calderwood Street, the building is ideal for various uses, including a coffee shop, smoothie bar, office, bank, pharmacy, or urgent care facility.
This location offers a strategic advantage for an owner-occupant looking to outposition the competition, or for an investor seeking premium rental income through 2027 while securing a long-term replacement tenant.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,611 SF
Building Class
B
Year Built
1981
Price
$650,000
Price Per SF
$403.48
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.66 AC
Opportunity Zone
Yes
Zoning
E - Employment Zone
Frontage
150’ on Calderwood St
Moderately walkable
60/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 046M-A-009.00 | Improvements Assessment | $124,560 |
| Land Assessment | $82,480 | Total Assessment | $207,040 |
Property Taxes
Parcel Number
046M-A-009.00
Land Assessment
$82,480
Improvements Assessment
$124,560
Total Assessment
$207,040
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348 S Calderwood St
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