Catylist ID: #30738160
For Sale | Investment Property | Benton, TN
Retail-Commercial for Sale
|Catylist Listing ID:||30738160|
|Property Subtypes:||Free-Standing Building, Garden Center, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other|
|Building Size (RSF):||3,460 SF|
|Gross Land Area:||0.27 Acres|
|Unit Price:||$83.53 PSF|
|Property Use Type:||Investment|
|Building Name:||6165 Hwy 411|
|Usable Size (USF):||3,460 SF|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||90|
Overview / Comments
This property has 3 suites and is 100% occupied currently with tenants that have occupied their suites for more than one year.
The front suite and small office is occupied by PALS Auction. The owner is an auctioneer that holds estate sales on premise. He has a successful business that is growing. He currently pays $1,100/month for Suites A and C. The square feet is approximately 2,016 SF.
The rear suite is leased to The Old Crow Tattoo Parlor. That lease begun May 1, 2020 and was renewed May 1, 2021 and runs through April 30, 2022. The current rent is $850 per month or $10,200 annually. The square feet is approximately 1,624 SF. There is a basement to this suite which the tenant has access to but the rent is calculated primarily on the 1st floor portion of the suite.
All three suite share the gravel parking lot for parking.
Please see the Lease Abstract for additional details about the leases.
The exterior of the building has recently been painted and other minor repairs taken care of.
|Taxing Authority:||Polk County|
|Tax ID/APN:||070045C D 00900|
|Retail Clientele:||General, Business, Traveler, Tourist, Recreation, Convention|
|Property Located Between:||Fronts Hwy 411|
|Largest Nearby Street:||Hwy 411|
|Feet of Frontage:||105|
|Highway Access:||Fronts Hwy 411 with excellent highway access and rear access to Ward Street. Traffic is high at about 10,000 cars per day.|
|Site Description:||The site is level and at street grade. Their is a gravel parking lot to the front and left side of the building.|
|Area Description:||Polk County has some of the best tubing, rafting and fishing in the southeast and most of these outdoor enthusiast drive by this location. The Ocoee, Hiwassee and Jacks River are close by.|
|Total Number of Buildings:||1|
|Number of Stories:||1|
|Typical SF / Floor:||3,424 SF|
|Exterior Description:||The exterior is attractive with a gravel parking lot. Access is excellent.|
|Total Parking Spaces:||20|
|Parking Ratio:||5.5 (per 1000 SF)|
|Parking Description:||The property has a gravel parking lot. Ample parking for tenants and customers.|
|Air Conditioning:||Engineered System|
|Interior Description:||There are 3 suites.|
|Proximity:||1 mile||3 miles||5 miles|
Robert FisherKW Commercial Greater Chattanooga REALTORS® Member
Riley KurttsKW Commercial Greater Chattanooga REALTORS® Member
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