232 Calderwood StAlcoa, TN 37701

Property Details for 232 Calderwood St

Lot size

3.60 AC

Property size (Sq ft)

370,000 SF

Property type

Retail properties

Description

New Midland Plaza, a thriving 370,000 square foot shopping center in Alcoa, Tennessee, presents a unique investment opportunity. Located in the twin cities of Alcoa and Maryville, just south of Knoxville, this multi-tenant property boasts approximately 2,850 parking spaces and sits on 3.6 acres of land. Currently home to a diverse mix of national and regional retailers including Beall's Department Store, City Farms Wine & Spirits (a 25,000 square foot luxury store with cigar lounge), Patterson's Appliances, Quinn Appliances, Cosmo Prof, and Pet Well Clinic, the center also offers a variety of services such as dry cleaning, coin laundry, financial and insurance services, restaurants, and medical services. The center enjoys high shopper traffic, comparable to other major shopping centers in the area, including a nearby Target. An almost 3-acre community activity field ("Great Lawn") and outdoor amphitheater are under construction adjacent to the property. Six outparcels ranging from 1 to over 3 acres are available for sale or lease. Available retail space ranges from 800 to 10,000 square feet, with one square foot currently vacant. The center's tenants have consistently received "Best Of" awards from The Daily Times Newspaper. This property offers a strong existing tenant base and significant growth potential.

Location Insight

City

Alcoa

County

Blount

State

Tennessee

Latitude

35.7616

Longitude

-83.9799

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