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: 1/19/2022

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 good 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
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

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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


Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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