Catylist ID:
#30757264
| Catylist Listing ID: | 30757264 |
| Property Subtypes: | Convenience Store, Day Care Facility, Mixed Use, Retail-Pad, Street Retail, Other |
| Building Size (RSF): | 9,120 SF |
| Gross Land Area: | 1.01 - 1 Acres |
| Sale Price: | $299,000 |
| Unit Price: | $32.79 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business |
| Usable Size (USF): | 1,200 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Average Occupancy Rate: | 50 |
| Last Updated: | 8/25/2021 |
Overview / Comments
|
Brick professional office/retail strip center, mixed usage building on N Main Ave., the main commercial corridor in Erwin Tennesse. Immediate access to Interstate 26, with over 240 ft of road frontage on Main. Strudy brick construction. Currently demised as possible 4 units that can be leased, or more; building is three stories with top story being level with road. Lower and second floor below grade, lower floor in back is open bays with roll up doors. Open and spacious floor plan, and can be used or renovated for retail or office usage. Adjacent to the BP gas station. First floor road frontage access, for units a, B, and C. Brick exterior, easy access and high visibility location. Great location for owner operator, or to develop for passive income, or a mixture of the two. |
Additional Details
| Nearest MSA: | Johnson City |
| County: | Unicoi |
| Tax ID/APN: | 086023D D 00601 |
| Zoning: | B-2 |
| Market Type: | Small |
| Retail Clientele: | General, Family, Business, Other |
| Property Located Between: | on N Main between two Erwin Exits |
| Road Type: | Paved |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Main |
| Feet of Frontage: | 244 |
| Highway Access: | Erwin exit one minute away |
| Site Description: | Brick building, 3 floors. second floor open for rent. Top is full. Bottom is set for storage. Middle is open, and can be subdivided. |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 1 |
| Number of Stories: | 3 |
| Typical SF / Floor: | 3,000 SF |
| Property Condition: | Fair |
| Year Built: | 1991 |
| Construction/Siding: | Brick |
| Parking Type: | Surface |
| Parking Description: | Frontage spaces (10), side spaces (about four) and parking in rear on gravel. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 2,304 | 9,134 | 15,444 |
| Median Age: | 47.41 | 44.55 | 44.77 |
| Households: | 1,024 | 3,857 | 6,490 |
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