Income Producing Mixed Use, Cleveland TN

Retail-Commercial for Sale
Catylist Listing ID: 30046994
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 2,800 SF
Gross Land Area: 0.26 Acres
Sale Price: $159,900
Unit Price: $57.11 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 7/23/2017

Overview / Comments

** Price Reduced** Mixed Use Property with Commercial Retail ground floor and Residential Apartment above. This is a great “Live/Work” opportunity. Great location with good traffic on corner lot for commuter traffic to local major employment Wacker, Amazon, Bowater and Olin. The Building has been improved with NEW plumbing, NEW electrical, NEW exterior surfaces and NEW HVAC. Commercial Space is 1400 sq ft and would be suitable for a variety of commercial, retail and commercial uses. Second Floor Apartment also has a 1400 sq ft which features 2 bedrooms, 1 bath and living quarters, NEW cabinets, NEW Appliances, separate parking and separate entrance. Ground Level is renting for $750 a month and apartment is renting for $750 a month.

Additional Details

Nearest MSA: Cleveland
County: Bradley
Taxing Authority: City of Charleston TN, Bradley County TN
Tax ID/APN: 016A B 012.00
Zoning: COMMERCIAL
Retail Clientele: General, Business
Property Located Between: Corner of Cass St and Hiwassee
Property Visibility: Excellent
Largest Nearby Street: Hiwassee St (State Hwy 11)
Feet of Frontage: 100
Highway Access: Frontage on Hwy 11; 3 miles to I-75 at Exit 33.
Airports: Cleveland Regional Jetport
Site Description: Level, Developed Corner Lot
Area Description: Bradley County in the Charleston TN municipality. Area employers include Bowater, Olin Chem, Amazon Fulfillment, GE Distribution, Lonza, Wacker Chemie (representing 2000+ jobs in the immediate area). New Pharmacy installed within 1/4 mile and Bowater Expansion underway now.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,400 SF
Property Condition: Good
Year Built: 1940
Year Renovated: 2016
Roof Type: Flat
Construction/Siding: Stucco
Exterior Description: New Exterior Surface (stucco)
Zoning Description: Commercial
Legal Description: Bradley County Tax ID 16A B 12.00

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,618 2,776 8,801
Median Age: 38.2 40.08 40.97
Households: 627 1,080 3,316

Contact

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