Athens, TN Retail/ Office Building For Sale

Shopping Center for Sale
Sale Pending/Contingent
Catylist Listing ID: 30396237
Property Subtypes: Strip Center
Status: Pending/Contingent
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: 1/18/2021

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, Lytle Loans, 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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