4,985 SqFt
4,985 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 0.34
Square Footage 4,985 sqft
Price per Sqft $76
MLS Listing ID 20262369
Construction Status Functional,Updated/Remodeled
Year Built 1935
Annual Tax Amount $747
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type Industrial
Source River Counties Association of REALTORS®
Property Description
This industrial/commercial warehouse and shop is located a prime location near the local YMCA. The property is tenant occupied with a Gross Operating Income of $24,200 (which is an intentionally discounted rate) and GPI of $33,600. The previous lease was $2,700 per month for a GOI of $32,400. Tenant has a modified net lease and pays all utilities and expenses.
The warehouse was renovated in 2021 opens to a spacious interior featuring high 10.5-foot ceilings and concrete floors. The building includes two half-baths and a large shed in the back. Currently utilized as a shop and warehouse, the space is versatile enough to accommodate a variety of light industrial uses. The warehouse is also equipped with 400 amp single phase and 3 phase electrical service for industrial power. There are two roll-up garage doors with openers, and a loading dock that makes this property functional for many uses more than a shop or warehouse. The fenced boundary and security cameras ensure privacy and security, while the front of the property features up to eight parking spaces with potential for expansion. There are both city sewer and water service as well as gas available at the street.
Location
State TN
County Bradley
Zoning Industrial
Direction From Keith & 25th St : Turn right toward 25th St NW 49 ft Turn right onto 25th St NW 1.2 mi Take the 20th Street exit 0.3 mi Turn left onto 20th St NE 0.8 mi Turn left onto Old Tasso Rd NE Property is on the left
Interior
Interior Features Storage, High Ceilings, Granite Counters
Heating Central, Electric
Cooling Central Air
Flooring Concrete, Luxury Vinyl
Appliance Electric Water Heater
Exterior
Exterior Feature Dock
Parking Features Gravel
Fence None
Utilities Available Water Connected, Sewer Connected, Natural Gas Available, Electricity Connected, Cable Available
Roof Type Metal
Total Parking Spaces 8
Building
Lot Description Level, Cleared, Corner Lot
Dwelling Type Industrial
Foundation Block, Pillar/Post/Pier, Slab
Lot Size Range 0.34
Sewer Public Sewer
Water Public
New Construction No
Construction Status Functional,Updated/Remodeled
Schools
Elementary Schools Mayfield
Middle Schools Cleveland
High Schools Cleveland
Others
Tax ID 042 02000 000
Miscellaneous Excellent investor or owner operator opportunity! This industrial/commercial warehouse and shop is located a prime location near the local YMCA. The property is tenant occupied with a Gross Operating Income of $24,200 (which is an intentionally discounted rate) and GPI of $33,600. The previous lease was $2,700 per month for a GOI of $32,400. Tenant has a modified net lease and pays all utilities and expenses. The warehouse was renovated in 2021 opens to a spacious interior featuring high 10.5-foot ceilings and concrete floors. The building includes two half-baths and a large shed in the back. Currently utilized as a shop and warehouse, the space is versatile enough to accommodate a variety of light industrial uses. The warehouse is also equipped with 400 amp single phase and 3 phase electrical service for industrial power. There are two roll-up garage doors with openers, and a loading dock that makes this property functional for many uses more than a shop or warehouse. The fenced boundary and security cameras ensure privacy and security, while the front of the property features up to eight parking spaces with potential for expansion. There are both city sewer and water service as well as gas available at the street.
Security Features Smoke Detector(s),Closed Circuit Camera(s)
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
Special Listing Condition Standard