Elizabethton, TN 37643,516 Broad ST
Elizabethton, TN 37643,516 Broad ST
Elizabethton, TN 37643,516 Broad ST
Elizabethton, TN 37643,516 Broad ST
Elizabethton, TN 37643,516 Broad ST
Elizabethton, TN 37643,516 Broad ST
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$190,000

$194,900

2.5%
Est.Price: ?

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Est. payment /mo

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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Listed by David Collins • Collins & Co. Realtors & Auctioneers
Bought with Sharron Saidla • KW Johnson City
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7121 Regal Ln Suite 215, Knoxville, TN, 37918, United States

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