Prime Multi-Use or Multi-Family Investment Property
Retail-Commercial
for Sale
| Catylist Listing ID: |
30804984 |
| Property Subtypes: |
Convenience Store, Day Care Facility, Free-Standing Building, Mixed Use, Street Retail, Tavern/Bar/Nightclub, Other
|
| Building Size (RSF): |
6,500 SF
|
| Gross Land Area: |
0.70 Acres
|
| Sale Price: |
$449,577 |
| Unit Price: |
$69.17 PSF |
| Property Use Type: |
Net Leased Investment (NNN), Investment, Business |
| Usable Size (USF): |
6,500 SF |
| Sale Terms: |
Cash to Seller, Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
7/4/2022 |
Overview / Comments
Amazing mixed-use commercial and/or residential investment opportunity! Use all the units for commercial space, or live in one building and lease out the other, or even maybe turn it into a multi-family apartment complex. Either way $$ is to be made!! The property also has a vacant 0.24 acre lot for more expansion if you want to build another building. The older building has 2 units, a top and bottom that are adjoined by a stairwell that can be locked off. The downstairs part has a kitchen, 2 bedrooms, a great room and a full bathroom, and the upstairs has 4 rooms and a full bath to set up as you wish ... giving you the option to live in it all, just live downstairs, or lease them both as commercial. The steel building is also 2 stories... 2-1200sqft units upstairs & 2-1200sqft units downstairs, these 4 units are contracted for $2400 with only 3 tenants.
The owner has taken excellent care of this property ... for everything he's done recently see 'Site Description' below.
|
Additional Details
| Nearest MSA: |
Crossville |
| County: |
Cumberland |
| Taxing Authority: |
Cumberland Cnty |
| Tax ID/APN: |
018113J C 02901 |
| Retail Clientele: |
General, Family, Business, Other |
| Property Located Between: |
Old Lantana and New Lantana (Hwy 101) |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Hwy 101 |
| Feet of Frontage: |
351 |
| Highway Access: |
Hwy 101 and about 1.5 miles to US Hwy 127 and about 3.5 miles to I-40 |
| Airports: |
Crossville Municipal Airport |
| Site Description: |
The owner has installed 5 new heating & air systems in the past 2 years. Replaced the grinder pump in February 2021 ($3,500), it had a 3 yr warranty new. He replaced the roof on the old building in 2019. Replaced both hot water heaters in the last 3 years. Replaced the neoprene screws on the roof of the steel building in 2021. Replaced all of the light fixtures inside the steel building within the past 2 yrs. Just finished the total remodel of the upstairs unit in the old building. And is now working on the total remodel of the residence unit in the lower part of the old building. Will also be replacing all the windows in the old building the first week of June. |
| Area Description: |
Mixed commercial and residential area. Only 1 Mile to the heart of downtown Crossville. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
2 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
1,200 SF |
| Property Condition: |
Good |
| Year Built: |
2007 |
| Construction/Siding: |
Block, Brick, Vinyl Siding |
| Parking Type: |
Surface |
| Parking Description: |
Parking at street level and also below at downstairs level |
| Sprinklers: |
Wet |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Evaporative Cooler |
| Internet Access: |
Cable, DSL |
| Lot Frontage: |
351 ft |
| Lot Depth: |
151 ft |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,421 |
15,808 |
23,705 |
| Median Age: |
40.15 |
41.26 |
44.04 |
| Households: |
517 |
6,547 |
9,910 |
|
© Copyright 2001-2022 Catylist. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Knoxville Area Association of REALTORS® nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
|
