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Rite Aid 856 Tennessee Ave 8,241 SF Retail Building Etowah, TN 37331 $1,130,910 CAD ($137.23 CAD/SF)

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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 (CAD) ANNUAL PER SF (CAD)
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99

TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access

Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Owner User
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Drug Store
Building Size
8,241 SF
Building Class
C
Year Built
1993
Price
$1,130,910 CAD
Price Per SF
$137.23 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.89 AC
Opportunity Zone
Yes
Zoning
C - - Zoned for commercial use, - Genuinly a premium location at the main intersection of two arterials.
Parking
30 Spaces (3.64 Spaces per 1,000 SF Leased)
Frontage
109’ on Tennessee Ave

AMENITIES

  • Pylon Sign

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 8,000 SF
  • Retail
  • Outparcel
  • 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.

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.

NEARBY MAJOR RETAILERS

Piggly Wiggly
Simmons Bank
Waffle House
Food City Pharmacy

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
107G-A-036.00
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$322,210 CAD (2025)
Annual Taxes
-$8,000 CAD (-$0.97 CAD/SF)
Tax Year
2024
  • Listing ID: 32356837

  • Date on Market: 2024-07-05

  • Last Updated:

  • Address: 856 Tennessee Ave, Etowah, TN 37331

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