Mixed Use/Retail & Residential Rentals

Retail-Commercial for Sale
Also listed as Multi-Family
Catylist Listing ID: 30052353
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 6,030 SF
Sale Price: $439,999
Unit Price: $72.97 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/10/2017

Overview / Comments

This is a very unique property! It is a great potential income producing/investment property or owner/user. It is located in the heart of the business district of Pikeville, TN. The property consists of the main building totaling 2880 SF divided into 690SF of street retail space and 2190 SF of a two floor living space. The retail space is currently being used as a hair salon and has 2 stations including sinks. The first floor living space could be demised to create 1440 SF of street retail. (Building size: 24' X 60,' 2 floors). The living space is a complete house with updated features including kitchen, living and dining area on the main level with 3 bedrooms, 2 baths and another living space upstairs. The buildings form a courtyard in the middle with a very private pool and patio area. It is the perfect live/work situation or rental property. To the side is a building measuring 32' x 60' consisting of 3, occupied apartments and a storage room. Rental income is $1200/mth but could be increased to achieve market rent. The third building on the property is a 32' x 60' garage consisting of a shop area, separate office area and a full bath with shower. This could be additional rental property. This property has endless possibilities including an assisted living facility, retail/restaurant.

Additional Details

Nearest MSA: Chattanooga
County: Bledsoe
Submarket Type: Central Business District
Zoning: COMMERCIAL
Retail Clientele: Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Feet of Frontage: 105
Area Description: Business District
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Good
Roof Type: Flat
Parking Type: Surface
Parking Description: Attached parking
Heat Source: Central
Lot Frontage: 105
Lot Depth: 184

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,212 3,563
Median Age: 42.28 43.08
Households: 895 1,450

Contact

Photograph of Listing Agent

Lee Ann Williamson

Fletcher Bright Commercial GCAR CMLS Member
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