Athens, TN Retail/ Office Building For Sale

Shopping Center for Sale
Catylist Listing ID: 30396237
Property Subtypes: Strip Center
Building Size (RSF): 10,000 SF
Gross Building Area: See Agent
Sale Price: $800,000
Unit Price: $80 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/22/2020

Overview / Comments

Well positioned office & retail strip center along Congress Parkway in Athens, TN with long term, credit tenants.

Current tenants include Benchmark Physical Therapy, Covington Credit, Happy Nails, and King Audiology. Property includes a billboard contract with Lamar Advertising.

There is approximately 10,000 sf of rentable warehouse space under the building with access along East Avenue.

Current cap rate with vacancies is 9.17%. Will be over 11% when fully occupied.

Additional Details

Nearest MSA: Athens
County: McMinn
Tax ID/APN: 054047E B 01600
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Feet of Frontage: 300
Highway Access: Congress Parkway is also US Hwy 11
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 10,800 SF
Property Condition: Good
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Heat Source: Central
Lot Frontage: 300 feet
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,955 15,361 23,676
Median Age: 35.68 39.17 40.17
Households: 777 6,420 9,649


Photograph of Listing Agent

Cullon Hooks

Janus Commercial, LLC Greater Chattanooga REALTORS® Member
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