Retail Office Center
Shopping Center
for Sale
| Catylist Listing ID: |
29966844 |
| Property Subtypes: |
Strip Center
|
| Building Size (RSF): |
9,600 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$630,000 |
| Unit Price: |
$65.63 PSF |
| Property Use Type: |
Net Leased Investment (NNN) |
| Building Name: |
Eastside Plaza |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
8/6/2020 |
Overview / Comments
This investment property features a large commercial strip center located on heavily trafficked Hwy 30 in Athens, TN. There is 335 feet of road frontage. The building has ten suites of 960 sq ft, 9 are currently leased. Building size is 9,600 SQ FT. All current rents are significantly under priced and have upside potential. There is also 1 vacant space that can be leased around $850 a month. Center is in great shape and has no deferred maintenance.
Also, located on the property is a billboard which brings in an income of $200 monthly.
|
Additional Details
| Nearest MSA: |
Athens |
| County: |
McMinn |
| Tax ID/APN: |
066H A 076.00 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,123 |
16,773 |
23,505 |
| Median Age: |
40.26 |
40.28 |
40.52 |
| Households: |
907 |
6,805 |
9,595 |
|
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