Catylist ID:
#30441892
Catylist Listing ID: | 30441892 |
Property Subtypes: | Executive Suites, Governmental, Institutional, Office Building |
Building Size (RSF): | 29,007 SF |
Gross Land Area: | 2.22 Acres |
Sale Price: | $1,600,000 |
Unit Price: | $55.16 PSF |
Ceiling: | 14 ft. |
Property Use Type: | Net Leased Investment (NNN), Business |
Building Name: | CRESCENT BUILDING |
Class of Space: | Class B |
Usable Size (USF): | 17,480 SF |
Core Factor: | 60% |
Sale Terms: | Cash to Seller |
Cap Rate: | Undisclosed |
Average Occupancy Rate: | 66 |
Last Updated: | 2/16/2021 |
Overview / Comments
> ICONIC BUILDING, near historic downtown Greeneville, listed on the national register, originally served as an elementary school (1925-1981), then, by Walters State Community College (1981-1986). The building was vacant from 1986 until 1999, when the building was purchased by current owners and RENOVATED into office and special event space. Over 17,478 sq-ft of rental space among two levels, with 20 offices measuring 680 to 748 sq-ft rooms, 12' office ceilings and large windows, 14' hallway ceilings, plus a 67'x36' auditorium (1st level). • A portion of the acreage is green space that may be converted for parking. • Potential rental income of $151.200 that operates on $27,300 a year in the present configuration. The current "classroom" exhibit may offer another $800/m±. • Situated at a neighborhood intersection, with moderate-traffic count, on south side of town. This location has excellent visibility, and may be adapted to multiple uses. Listed on the National Registry. This is your opportunity to own a piece of history!! ### |
Attachments & Media
Financials
Finance Data Year | 2018 |
---|---|
Real Estate Taxes - Annual($) | $9,364 (Annual) |
Tax Value Land | $91,400 |
Tax Value Improvements | $489,100 |
Tax Value Personal Property | $150,000 |
Assessed Value - Total($) | $580,500 (Annual) |
Potential Rental Income | $151,200 (Annual) |
Gross Operating Income | $100,800 (Annual) |
Net Operating Income | $60,660 (Annual) |
Actual or Proforma Year | Actual |
Lender Name | none |
Current Tenants
Tenant Business Name | BEWLEY PROPERTIES, INC. |
Contact Name | Kandice Bewley-Baker |
Contact Title | Presient |
Industry Type | Real Estate and Rental and Leasing |
SF of Space Occupied | 2,500 SF |
Tenant Business Name | CROSS COUNTRY MORTGAGE |
Contact Name | Kim-Alexander Johnson |
Contact Title | Branch Manager |
Industry Type | Finance and Insurance |
Is Renting? | Yes |
SF of Space Occupied | 700 SF |
Tenant Business Name | TONYA PARLIER, COUNSELOR |
Contact Name | TONYA PARLIER |
Contact Title | President |
Industry Type | Health Care and Social Assistance |
SF of Space Occupied | 680 SF |
Tenant Business Name | CRESCENT EVENTS |
Contact Name | unknown |
Industry Type | Arts, Entertainment, and Recreation |
Is Renting? | Yes |
Annual Revenue | $12,000 (Annual) |
Employees Total | 1 |
Employees at Location | 1 |
Year Founded | 2018 |
Suite Number | 101, 102 |
SF of Space Occupied | 1,450 SF |
Current Rent | $1,000 PSF (Annual) |
Tenant Business Name | KWK ART STUDIO & EMPORIUM |
Contact Name | UNKNOWN |
Is Renting? | Yes |
Annual Revenue | $12,000 (Annual) |
Employees Total | 3 |
Employees at Location | 3 |
Year Founded | 2019 |
Suite Number | 207, 208 |
SF of Space Occupied | 1,596 SF |
Current Rent | $1,000 PSF (Annual) |
Additional Details
Nearest MSA: | Greeneville |
County: | Greene |
Taxing Authority: | GREENEVILLE CITY / GREENE COUNTY, TENNESSEE |
Tax ID/APN: | 030098N C 01700 |
Zoning: | B-4 |
Property Located Between: | WEST GREENEVILLLE & DOWNTOWN |
Property Visibility: | Excellent |
Highway Access: | U.S. HWY 321 from GREENEVILLE to ASHEVILLE, NC, or NEWPORT, TN; two miles to Hwy 11E, Andrew Johnson Hwy, and Summer St., Greeneville. |
Airports: | Greeneville Municipal, 3.5 miles; Tri-Cities Aiport (TRI), Blountville 36 miles; Knoxville McGee-Tyson (TYS), Tn, 85 mls. |
Site Description: | SMALL TOWN NEIGHBORHOOD graces this flat land of 2.22 acres, more or less, with approximately 60 parking spaces, and green space for building or parking lot expansion. ### |
Area Description: | LOCATED IN PEACEFUL SMALL-TOWN NEIGHBORHOOD within 0.5 mile of commercial downtown area. Located in Opportunity Zone of the community (verify); near national park and veterans cemetery; 1/2 mile from historic downtown. ### |
Total Number of Buildings: | 1 |
Number of Stories: | 2 |
Typical SF / Floor: | 14,062 SF |
Year Built: | 1925 |
Year Renovated: | 1999 |
Roof Type: | Gable |
Construction/Siding: | Brick |
Exterior Description: | TWO LEVEL PLUS BASEMENT, FEDERAL STYLE BRICK, with one centered-cupola, built in 1925, (renovated in 1999), 60 parking spaces, additional lots for green space or expansion. |
Parking Ratio: | 3.6 (per 1000 SF) |
Parking Type: | Surface |
Parking Description: | 60 PARKING SPACES, with handicap spaces; open asphalt surface; not fenced nor gated; flat surface with in 50 to 200 feet of two entrances; egress from Main St. ### |
Total Parking Spaces: | 60 |
Passenger Elevators: | 1 |
Sprinklers: | None |
Heat Type: | Natural Gas |
Heat Source: | Central, Heat Pump |
Air Conditioning: | Package Unit |
Internet Access: | Cable |
Interior Description: | Renovated 1925 - 60's classic school building with concrete and hardwood floors; carpeted office space; 67'x36" auditorium/gym with stage for events on ground level; 11 ft ceilings in offices and 13 ft ceilings in hallway, thereabout. |
Zoning Description: | B-4 |
Lot Frontage: | 54 ft circular |
Lot Depth: | 255 ft to 462 ft |
Water Service: | Municipal |
Sewer Type: | Municipal |
Easements: | Electric Lines, Utilities |
Land Ownership: | Bewley Properties Inc |
Legal Description: | Parcel ID: 098N C 017.00; DEED book / page 152A/677 |
Demographic Statistics
Proximity: | 1 mile | 3 miles | 5 miles |
---|---|---|---|
Total Population: | 4,230 | 17,640 | 27,653 |
Median Age: | 40.35 | 42.3 | 41.57 |
Households: | 1,762 | 7,414 | 11,473 |
Contact
© 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. |