1413 N Main Ave in Erwin

Retail-Commercial for Sale
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.

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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

Contact

Photograph of Listing Agent

Stephen J Goodson, CLU, ChFC

Remax Checkmate, Commercial Division NETAR CMLS Member
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