Rogersville Main Street Warehouse

Industrial for Sale
Catylist Listing ID: 30269058
Property Subtypes: Free-Standing, Manufacturing, Mixed Use, Light Industrial, Net Leased, Truck Terminal, Warehouse/Distribution
Building Size (RSF): 29,519 SF
Gross Land Area: 1.80 Acres
Sale Price: $627,387
Unit Price: $21.25 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: 9.37%
Average Occupancy Rate: 100
Last Updated: 11/8/2018

Overview / Comments

Large 29,519 sq ft warehouse on 1.8 acres at the corner of West Main Street and S. Armstrong Road in Rogersville now for sale. Income generating potential with a CAP rate of 9.37% with new long term lease, excellent income. Several parcels are also for sale on adjoining and adjacent properties, see photos. Contact agent for further details.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Hawkins
Tax ID/APN: 100M B 001.01
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Parking Type: Surface
Sprinklers: Wet
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,408 8,568 16,649
Median Age: 39.35 41.59 41.64
Households: 636 3,560 6,707

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