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 |
| Gross Land Area: |
0.83 Acres
|
| Sale Price: |
$630,000 |
| Unit Price: |
$65.63 PSF |
| Property Use Type: |
Investment |
| Building Name: |
Eastside Plaza |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
9/16/2021 |
Overview / Comments
This investment property features a large commercial strip center located on heavily trafficked Hwy 30 in Athens, TN. There is 249 feet of road frontage. The building has ten 960 SF suites which are all currently leased. Building size is 9,600 SQ FT. All current rents are significantly under priced and have upside potential. The center is in great shape.
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 |
| Zoning: |
COMMERCIAL |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Other |
| Property Located Between: |
S. White Street and Knight Road |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
S. White Street |
| Feet of Frontage: |
249 |
| Traffic/Vehicle Count: |
22,000 |
| Highway Access: |
7 miles from Interstate 75 |
| Airports: |
Chattanooga Airport |
| Area Description: |
S. White street is a major corridor leading to Etowah and Hwy 411 from Athens. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Good |
| Year Built: |
1987 |
| Roof Type: |
Flat |
| Construction/Siding: |
Block |
| Exterior Description: |
Block building with large glass windows divided into 10 lease suites. |
| Parking Type: |
Surface |
| Parking Description: |
Large paved parking lot with 15 plus parking spaces. |
| Total Parking Spaces: |
15 |
| Lot Frontage: |
249 |
| Lot Depth: |
135 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
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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