1901 Old Jacksboro Hwy - Office FOR SALE


LaFollette, TN 37766
$695,000 USD
865-368-2787
1901 Old Jacksboro Hwy, LaFollette, TN for Sale
$695,000 USD
Office - FOR SALE
1/28
null | 8.9% Cap Rate

1901 Old Jacksboro Hwy
LaFollette, TN 37766


HIGHLIGHTS

  • Heavy Drive By Traffic - Main Hwy Location
  • Parking Onsite
  • Two Buildings, One Price
  • Amazing Terms - Potential No Money Down

OVERVIEW

GREAT SELLER TERMS - BUSY HIGHWAY LOCATION - RENOVATED - CASHFLOW Seller is willing to carry behind a new first deed of trust -see TERMS below - so no money down!!!! In the heart of La Follette & just 10 minutes to Norris Lake, this property consists of two separate buildings. The original brick building is 2 stories and with only part of the first floor currently rented to an insurance agency for $3200/month. There is an additional 1200 sq ft on the first floor that consists of several offices and a large reception area with a completely separate entrance. The entire 2nd floor is comprised of multiple offices, currently vacant and is projected to rent at $2000/mo. This also has its own separate entrance on the ground floor. The 2nd building (approximately 2500 sqft) has tons of potential as an office warehouse with roll up doors & a partially finished upstairs area. This building is only partially used by a bookkeeping business with a current rent of $600/month. TERMS: Subject to review of Buyer's financials, Seller will allow a Buyer to secure a 40% new first deed of trust and Seller will carry 60% for 7 years amortized over 30 years, interest rate of 7%, balloon 7 years from closing.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$189 USD /SF

CAP RATE

8.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office, Warehouse, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,753 SF

ZONING

-

APN/PARCEL ID

103E-A-001.00

ASK ABOUT THIS PROPERTY

Solange VelasGoldman Partners Realty, LLCMore Info
865-368-2787

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Solange VelasGoldman Partners Realty, LLCMore Info
865-368-2787

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.