Cumberland Strip - Raw Land

1713 Cumberland Avenue Knoxville, TN 37916

1713 Cumberland Avenue, Knoxville, TN, 37916
1713 Cumberland Avenue, Knoxville, TN, 37916
FOR SALE
Property Type:
Padsites
Amount:
Please Call Broker for Price

Last Verified:
Oct 11, 2018

Highlights

  • Comes w/ 15 covered parking spaces
  • Newly rejuvenated Cumberland Ave.
  • Attractive regional destination near UT
  • Gateway to downtown Knoxville
  • 4,000 daily pedestrians
  • 200 +/- bike Traffic

Description

This address is at the epicenter of campus life. Cumberland Avenue is undergoing major private and public renovation with over $190M (Private) and $25M (Public) already invested.

Heart of Cumberland Ave Strip. Mixed use, retail, restaurant, and student life within blocks of the University of Tennessee campus ( 10,000 faculty & staff, 28,000 student population). Cumberland Avenue is a freshly rejuvenated entertainment, residential and retail corridor. This destination is often the first experience out of town visitors see when they visit Knoxville and is the gateway connecting downtown and UT and along the the main arterial to Sequoia Hills & Bearden.

Building Size: 7500.0sq ft
Lot Size: 0.17 acres

Map of 1713 Cumberland Avenue, Knoxville, TN, 37916

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.