Mixed Use Rental Investment

Office for Sale
Catylist Listing ID: 30801201
Property Subtypes: Executive Suites, Coworking, High-Tech, Medical, Mixed Use, Office Building, Other
Building Size (RSF): 2,000 SF
Gross Land Area: 0.27 Acres
Sale Price: $259,999
Unit Price: $130 PSF
Ceiling: 10 ft.
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Mulberry leased investment
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 1/30/2023

Overview / Comments

Investment Opportunity! Leased with tenant paying $1900 per month!
Situated along Mulberry St. this spacious 2000 SF historic property, just experienced a significant update while maintaining it’s wonderful curb appeal and attractive design. Just recently completed, the site has been landscaped and equipped with a brand-new driveway and parking area. Monument signage directly on Mulberry offers company branding, exposure and visibility on this highly trafficked road. Mixed use property currently leased as single family. Prior use was duplex w office and residential mixed use. The Loudon Downtown redevelopment continues to receive acclaim and interest from local and regional visitors alike. Newly surfaced maintenance free metal coated roofing, very attractive modern paint schemes on the inside and out, coupled with oversized windows in all the offices and rooms, create a wonderful bright work environment for your company or for a future tenant if you are looking for a commercial investment in East TN. Separate central heating and air units serve the upper and lower level to optimize climate control and utility efficiency. Solid core doors, hardwood floors throughout w full kitchen on the first floor and kitchenette with Shower on the 2nd floor. growing submarket of Loudon County.
Showings require 24 hours notice.

Additional Details

Nearest MSA: Knoxville
County: Loudon
Taxing Authority: Loudon City
Tax ID/APN: 053041AC02800
Zoning: COMMERCIAL
Property Located Between: Mulberry Street and Wharf Street
Property Visibility: Excellent
Highway Access: Highway 72
Site Description: Downtown remodeled historic property w handicap access and new asphalt driveway and parking
Area Description: Situated in downtown Loudon
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,000 SF
Year Built: 1910
Year Renovated: 2021
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Newly surfaced maintenance free metal coated roofing, modern paint schemes on the inside and out.
Parking Type: Surface
Parking Description: New asphalt parking lot. This spacious paved parking lot has been installed for the exclusive use of its owners or tenants/occupants of the building.
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Newly painted and finished hardwood floors. Modern paint schemes on the inside and out, coupled with oversized windows in all the rooms, create a wonderful bright work environment. Separate central heating and air units serve the upper and lower level to optimize climate control and utility efficiency. Solid core doors, w full kitchen on the first floor and kitchenette with Shower on the 2nd floor
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,211 8,294 30,464
Median Age: 46 41.73 43.92
Households: 888 3,218 12,401
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