585 E ANDREWS JOHNSON HWY (11-E)—1.18± ACRE, 325± FT. FRONTAGE
Retail-Commercial
for Sale
Sale Pending/Contingent
Also listed as Vacant Land
| Catylist Listing ID: |
30647779 |
| Property Subtypes: |
Convenience Store, Free-Standing Building, Mixed Use, Parking Facility, Vehicle Related, Other
|
| Status: |
Pending/Contingent |
| Building Size (RSF): |
1,435 SF
|
| Gross Land Area: |
1.18 Acres
|
| Sale Price: |
$412,500 - 425,000 |
| Unit Price: |
$287.46 - 296.17 PSF |
| Ceiling: |
8 ft. |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Building Name: |
585 E ANDREW JOHNSON HWY 11-E |
| Usable Size (USF): |
1,435 SF |
| Core Factor: |
1% |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
80 |
| Last Updated: |
9/21/2021 |
Overview / Comments
|
GREENEVILLE 11-E By-Pass location with 323 ft. road frontage for this 1.18 ACRE LEVEL LOT. • HIGH TRAFFIC COUNT of 30,500 plus Average Daily Traffic Count at this CHOICE LOCATION on HWY 11-E, EAST ANDREW JOHNSON HWY, across from CHINA BUFFET, west-bound side of four-lane. • Annual income potential with 1435 sq.ft former store, unfinished mechanics basement, car-lot office building, locked fenced lot, and open parking lot. Disclosure agreement required to review annual income. • Certification is available that former fuel tanks have been REMOVED.
|
Financials
| Finance Data Year |
2021 |
| Real Estate Taxes - Annual($) |
$4,565 (Annual) |
| Tax Value Land |
$225,700 |
| Tax Value Improvements |
$48,500 |
| Tax Value Personal Property |
$0 |
| Assessed Value - Total($) |
$274,200 (Annual) |
| Potential Rental Income |
$22,800 (Annual) |
| Gross Operating Income |
$22,800 (Annual) |
| Net Operating Income |
$18,235 (Annual) |
| Actual or Proforma Year |
Proforma |
| Lender Name |
NONE |
| Down Payment |
$0 |
| Annual Debt Service |
$0 (Annual) |
| Amortization Period |
00 |
Current Tenants
| Tenant Business Name |
BUBBA AUTO SALES |
| Contact Name |
UNKNOW |
| Industry Type |
Transportation and Warehousing |
| Is Renting? |
Yes |
| Annual Revenue |
$6,000 (Annual) |
| Employees Total |
2 |
| Employees at Location |
2 |
| Suite Number |
583 |
| SF of Space Occupied |
300 SF |
| Current Rent |
$500 PSF (Annual) |
| Escalations |
NONE |
| Options |
NONE |
| Tenant Notes |
MONTH TO MONTH RELATIVE RENTS THE SMALL BUILDING AND LOT |
| Tenant Business Name |
THE HEMP STORE |
| Contact Name |
RYAN ROLANDS |
| Contact Title |
OWNER / OPERATOR |
| Is Renting? |
Yes |
| Annual Revenue |
$16,800 (Annual) |
| Employees Total |
2 |
| Employees at Location |
2 |
| Year Founded |
2021 |
| Suite Number |
585 |
| Current Rent |
$1,400 PSF (Annual) |
| Escalations |
NONE |
| Options |
NONE |
| Tenant Notes |
TENANT SUBLEASES TO ANOTHER TENANT SMALL ENGINE REPAIR SHOP IN THE BASEMENT. |
Additional Details
| Nearest MSA: |
Greeneville |
| County: |
Greene |
| Taxing Authority: |
GREENEVILLE / GREENE COUNTY |
| Tax ID/APN: |
030087 07600 |
| Zoning: |
B-4 |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist |
| Property Located Between: |
SUBWAY restaurant and CLAYTON MOBILE HOMES |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
INDUSTRIAL ROAD |
| Feet of Frontage: |
323 |
| Highway Access: |
TWO ACCESS cuts at HWY 11-E, westbound side of four-lane |
| Airports: |
Greeneville Municipale, 3 miles; Tri-Cities 36 miles; Knoxville M-T, 84 miles. |
| Site Description: |
LEVEL LOTS WITH 323 ROAD FRONTAGE NORTHSIDE OF HWY 11-E, EAST ANDREW JOHNSON HWY |
| Area Description: |
HIGH TRAFFIC COUNT WITH OVER 30,000 AVG DAILY TRAFFIC COUNT |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
2 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
750 SF |
| Property Condition: |
Fair |
| Year Built: |
1973 |
| Year Renovated: |
2005 |
| Roof Type: |
Flat |
| Construction/Siding: |
Block, Brick |
| Exterior Description: |
BRICK on block building, flat roof, parking, metal canopy; former gas station; tanks have been removed. |
| Total Parking Spaces: |
12 |
| Parking Ratio: |
8.2 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
OPEN SURFACE, ASPHALT AND GRAVEL |
| Sprinklers: |
None |
| Internet Access: |
Cable, DSL, Satellite |
| Interior Description: |
rough, garage, needs work |
| Zoning Description: |
M-1, B-4 |
| Lot Frontage: |
323 |
| Lot Depth: |
140 - 300 ft |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,096 |
19,843 |
31,622 |
| Median Age: |
41.16 |
41.22 |
41.98 |
| Households: |
1,750 |
8,213 |
12,966 |
|
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