$190,000
$194,900
2.5%For more information regarding the value of a property, please contact us for a free consultation.
3,420 SqFt
SOLD DATE : 11/25/2020
Key Details
Sold Price $190,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,420 sqft
Price per Sqft $55
MLS Listing ID 426476
Sold Date 11/25/20
Total Fin. Sqft 3420
Originating Board Tennessee/Virginia Regional MLS
Year Built 1954
Lot Size 9,147 Sqft
Acres 0.21
Lot Dimensions 75 X 124
Property Description
Well established commercial property on Broad Street, one of the most heavily traveled commercial arteries in the City of Elizabethton. Same location as McDonalds, Wendys, Hardees, Walgreens, Citizens Bank, Family Dollar Store and many other high end commercial establishments. With a location like this, the commercial exposure within the City is unparalleled. Well maintained two story brick building, with the main level consisting of 1,730 square foot of prime commercial space, currently utilized as a large accountant's office. The upper level consists of an additional 1,530 square feet of area comprised by two separate apartment units, each featuring two bedrooms and one bath with individual laundry facilities. The commercial space was originally designed and utilized as two separate business offices and could easily convert back to that, or can continue on as one large business space. Current commercial tenant is on a month to month basis, allowing buyers the opportunity of negotiating a new lease or utilizing the space for their own commercial use. The commercial space has central heating and air conditioning with each of the two apartments offering individual heating and cooling systems as well. Current income for the building is $750 per month for the commercial space, $495 for one of the apartments, and $395 for the other apartment because it is currently rented below market rent to friends of the owner. 540 square foot concrete basement. Both apartments are also rented on a a month to month basis. Large paved parking lot with ample parking. This is an excellent income producing property that has been well maintained by the long term owner and is in a prime location. An ideal property for investors or for those who want to locate their own building and reap the benefits of the income produced by the two upstairs apartment units. All info. taken from Tax Records. Buyer/Buyer's Agent to verify all.
Location
State TN
County Carter
Area 0.21
Zoning B2
Direction Driving into Elizabethton on West Elk Avenue, bear left on Broad Street. Property on the left, right before the intersection of Broad Street and Sycamore Street.
Interior
Heating Central, Electric
Cooling Central Air
Equipment Lighting-Fluorescent
Heat Source Central
Exterior
Roof Type Composition
Road Frontage City Street
Building
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 041c G 030.00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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7121 Regal Ln Suite 215, Knoxville, TN, 37918, United States