ATHENS TN OFFICE WAREHOUSE 17,180± SF
Office
for Sale
Sale Pending/Contingent
Also listed as Special Purpose
| Catylist Listing ID: |
30645719 |
| Property Subtypes: |
Governmental, Institutional, Mixed Use, Flex Space, Office Building, Other
|
| Status: |
Pending/Contingent |
| Building Size (RSF): |
17,186 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
7 Acres
|
| Sale Price: |
$996,000 - 1,075,000 |
| Unit Price: |
$57.95 - 62.55 PSF |
| Ceiling: |
8.6 ft. |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Building Name: |
FORMER DAILY POST ATHENIAN NEWSPAPER PLANT |
| Class of Space: |
Class A |
| Core Factor: |
1% |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
5/29/2021 |
Overview / Comments
|
OFFICE, PRODUCTION, WAREHOUSE — BUILDING RENOVATED IN 2017 following wind damage with new flooring, ceiling, roof, HVAC & duct work, electrical, water heater, interior structure; quiet location near downtown on S Jackson Street, near Athens Utility Boar. • Approximately 8,354± sf of management, administrative and sales offices, customer lobby, conference room, carpet combination; 6,288± sf for service production: assembly, packaging, concrete finished flooring, high ceilings; 2,544± sf utility unfinished utility storage. Floor: SLAB, Roof: Built-up/metal GYP Customer and employee asphalt parking lot. SEVEN ACRES for expansion. ###
|
Financials
| Finance Data Year |
2019 |
| Real Estate Taxes - Annual($) |
$9,160 (Annual) |
| Tax Value Land |
$108,700 |
| Tax Value Improvements |
$705,000 |
| Potential Rental Income |
$103,300 (Annual) |
| Gross Operating Income |
$103,300 (Annual) |
| Net Operating Income |
$68,217 (Annual) |
| Actual or Proforma Year |
Proforma |
| Lender Name |
NONE |
| Amortization Period |
0 |
Current Tenants
| Tenant Business Name |
ADAMS NEWSPAPER GROUP EAST LLC / POST ATHENIAN PUBLISHER LLC |
| Contact Name |
PAUL MAUNEY, JEFF SCHUMACHER |
| Contact Title |
REGIONAL PRESIDENT |
| Phone Number |
423-638-4181 |
| Industry Type |
Information |
| Is Renting? |
Yes |
| Employees Total |
45 |
| Employees at Location |
45 |
| SF of Space Occupied |
14,255 SF |
| Current Rent |
$64,800 PSF (Annual) |
Additional Details
| Nearest MSA: |
Athens |
| County: |
McMinn |
| Taxing Authority: |
CITY OF ATHEN AND MCMINN COUNTY |
| Tax ID/APN: |
054066A A 00300 |
| Zoning: |
B3 INTENSIVE BUSINESS DISTRICT |
| Property Located Between: |
S JACKSON ST & S WHITE ST |
| Property Visibility: |
Good |
| Highway Access: |
NEAR HWY 39 AND 30; Interest -75, six miles. |
| Airports: |
McMINN CO, 5 miles; Chattanooga 55 miles; Knoxvile 60 miles. |
| Site Description: |
SEVEN LEVEL ACRES on city road, S JACKSON STREET, 0.8 MILES FROM DOWNTOWN, COUNTY SEAT AND COURTHOUSE, TENNESSEE WESLEYAN UNIVERSITY. |
| Area Description: |
ATHENS, TENNESSEE; McMINN COUNTY, TENNESSEE |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
17,180 SF |
| Year Built: |
1967 |
| Year Renovated: |
2017 |
| Roof Type: |
Flat |
| Construction/Siding: |
Block, Concrete |
| Exterior Description: |
CONCRETE BLOCK, FLAT ROOF, SINGLE LEVEL; LOADING DOCK, 63 PARKING SPACES; LANDSCAPED, ACCESS TO STREET. |
| Parking Ratio: |
3.8 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
ASPHALT SURFACE PARKING 65 spaces; additional acres for more parking / building. |
| Total Parking Spaces: |
65 |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Internet Access: |
Cable |
| Interior Description: |
SEE INTERIOR LAYOUT |
| Zoning Description: |
B-3 City of Athens, TN, zoning regulations |
| Lot Frontage: |
1250 Ft |
| Lot Depth: |
265 Ft |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements Description: |
NONE |
| Land Ownership: |
OWNED BY SELLERS |
| Legal Description: |
PARCEL 066a A 003.00, 17,182 SQ.FT COMMERCIAL BUILDING ON SEVEN ACRES, more or less |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,981 |
15,129 |
23,505 |
| Median Age: |
40.18 |
39.97 |
40.52 |
| Households: |
1,282 |
6,182 |
9,595 |
|
© Copyright 2001-2020 Catylist. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Northeast Tennessee Association of REALTORS® nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
|
