Catylist ID:
#30807406
| Catylist Listing ID: | 30807406 |
| Property Subtypes: | Free-Standing Building, Street Retail |
| Building Size (RSF): | 5,600 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 0.35 Acres |
| Sale Price: | $550,000 |
| Unit Price: | $98.21 PSF |
| Property Use Type: | Investment, Business |
| Building Name: | Cherokee Plaza |
| Sale Terms: | Cash to Seller, Sale/Leaseback |
| Cap Rate: | Undisclosed |
| Average Occupancy Rate: | 100 |
| Last Updated: | 6/29/2022 |
Overview / Comments
|
Great Location! In growth area of 60plus homes being built just up the street. Cherokee Plaza has 3 leased retail spaces. Plaza has approx 5,600 total sq ft which includes 1,600 sq ft unfinished basement. The plaza has 3 storefront units and a total of seven bathrooms. Unit 1 (currently Gold N Gifts Jewelers operated by the seller) is approx 1,600 sq ft finished main level with kitchenette, 2 baths and bank-style vault. 1,600 unfinished basement with bathroom and kitchenette for storage and office space. Basement has private access with 4' metal door for deliveries. Owner would like to lease back at $2000 a month for at least a year. Unit 2 (currently leased as a beauty salon) is approx. 1,000 finished sq ft main level with two bathrooms. Extra plumbing has been added. Has two offices. Currently leased at $ 700 a month. Unit 3 currently leased approx.1400 sqft leased to Nutritional Shop at $ 1000 a month rent Long term current renters. Use part of the space while renting the other units out. Includes sign privileges at high traffic Decatur Pike intersection, which could be rented out or used for buyers own purposes, includes 4-sided sign on the property, includes hard wired security system with motion detectors, paved lot is approximately 60x149 with 12 spaces in front of the plaza and additional parking for +/- 12 spaces. |
Additional Details
| Nearest MSA: | Athens |
| County: | McMinn |
| Tax ID/APN: | 054056 10000 |
| Zoning: | COMMERCIAL |
| Retail Clientele: | General, Business |
| Property Located Between: | Decatur Pike and Congress Parkway |
| Property Visibility: | Good |
| Largest Nearby Street: | Dupitt |
| Feet of Frontage: | 126 |
| Highway Access: | Minutes to I-75 |
| Area Description: | In the heart of Growing area of Athens, TN just off I-75 |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 5,600 SF |
| Property Condition: | Good |
| Year Built: | 1990 |
| Total Parking Spaces: | 24 |
| Parking Type: | Surface |
| Heat Type: | Natural Gas |
| Heat Source: | Central, Heat Pump |
| Air Conditioning: | Package Unit |
| Internet Access: | Cable |
| Zoning Description: | B-2 |
| Lot Frontage: | 126 |
| Lot Depth: | 113 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Easements: | Utilities |
| Legal Description: | Book 11D Pg 129 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 4,624 | 13,852 | 24,806 |
| Median Age: | 40.6 | 38.74 | 40.62 |
| Households: | 1,966 | 5,837 | 10,024 |
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