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: 11/5/2018

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

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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

Contact

Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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