Turn-key Opportunity-Current under market cap w fair market 8+ cap

Retail-Commercial for Sale
Catylist Listing ID: 30795649
Property Subtypes: Free-Standing Building, Service Station/Gas Station, Street Retail, Vehicle Related
Building Size (RSF): 4,200 SF
Gross Building Area: See Agent
Gross Land Area: 0.50 SF
Sale Price: $339,000
Unit Price: $80.71 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller, Owner Financing
Average Occupancy Rate: 100
Last Updated: 5/13/2022

Overview / Comments

Free standing building with mixed use occupancy by long standing tenants. 100% tenant occupied, month to month. All tenants expressed interest in remaining. Currently under market value cap with fair market value 8+ cap. Buyer to verify all details.

Additional Details

Nearest MSA: Athens
County: Meigs
Taxing Authority: Decatur
Tax ID/APN: 061042N C 00200
Retail Clientele: General, Business
Property Located Between: State Hwy 58 and TN -30 W
Property Visibility: Excellent
Largest Nearby Street: Highway 58
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 4,200 SF
Property Condition: Average
Year Built: 2019
Year Renovated: 1985
Parking Description: Ample parking for current tenants.
Zoning Description: Commercial
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,727 6,450
Median Age: 42.79 41.46
Households: 1,098 2,517

Contact

Photograph of Listing Agent

Adriane Bailey

Keller Williams Realty Greater Chattanooga REALTORS® Member
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