ATHENS TN OFFICE WAREHOUSE 17,180± SF
Office
for Sale
Also listed as Special Purpose
Catylist Listing ID: |
30645719 |
Property Subtypes: |
Governmental, Institutional, Mixed Use, Flex Space, Office Building, Other
|
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: |
$57.95 - 62.55 PSF |
Ceiling: |
8.6 ft. |
Property Use Type: |
Investment, Vacant/Owner-User |
Building Name: |
FORMER DAILY POST ATHENIAN NEWSPAPER PLANT |
Class of Space: |
Class A |
Core Factor: |
1% |
Sale Terms: |
Cash to Seller |
Cap Rate: |
Undisclosed |
Average Occupancy Rate: |
100 |
Last Updated: |
2/16/2021 |
Overview / Comments
OFFICE, PRODUCTION, WAREHOUSE — BUILDING RENOVATED IN 2017 following wind damage with new flooring, ceiling, roof, HVAC & duct work, electrical, water heater, interior structure; quiet location near downtown on S Jackson Street, near Athens Utility Boar. • Approximately 8,354± sf of management, administrative and sales offices, customer lobby, conference room, carpet combination; 6,288± sf for service production: assembly, packaging, concrete finished flooring, high ceilings; 2,544± sf utility unfinished utility storage. Floor: SLAB, Roof: Built-up/metal GYP Customer and employee asphalt parking lot. SEVEN ACRES for expansion. ###
|
Financials
Finance Data Year |
2019 |
Real Estate Taxes - Annual($) |
$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 |
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The information presented herein is provided as is, without warranty of any kind.
Neither Northeast Tennessee Association of REALTORS® nor
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