Midland Towers - 17 Unit Commercial Building

Retail-Commercial for Sale
Catylist Listing ID: 30517182
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 15,012 SF
Gross Building Area: See Agent
Sale Price: $699,900
Unit Price: $46.62 PSF
Property Use Type: Investment, Business
Building Name: Midland Tower
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/6/2021

Overview / Comments

17 Unit Commercial Building, three levels and it houses salons, photographers, yoga studio and many other businesses. This location houses business owners who love to call Midland Towers home for all of their clients. Great income opportunity with great business clientele.
This building is fully leased. In 2020 a new guardrail was added to the back of the building for safety.

Monthly Rent Rate
vacant This space is $500.00 when rented
$8725.00 $9225.00 when fully rented ( $104,700.00 annually)
(annual water average $4000)

Additional Details

Nearest MSA: Knoxville
County: Blount
Taxing Authority: Blount County
Tax ID/APN: 005046M E 04600
Retail Clientele: General, Business
Property Located Between: location is in Alcoa across from Midland Shopping Center
Property Visibility: Good
Largest Nearby Street: Calderwood
Feet of Frontage: 613
Traffic/Vehicle Count: 30
Airports: McGhee Tyson
Site Description: Three levels of various types of businesses, which has front and back access for all clients. Each unit has concrete floors and individual entrances and exits. The surround parking lot allows for ample parking for business clients and owners to park.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Average
Roof Type: Flat
Construction/Siding: Block, Steel Frame
Total Parking Spaces: 30
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Zoning Description: Commercial
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,580 43,253 69,972
Median Age: 34.57 39 40.4
Households: 2,888 17,774 28,016


Photograph of Listing Agent

Angel Scott

Century 21 Legacy KAAR CIE Member
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