270-290 James Asbury Dr - Office FOR SALE


Cleveland, TN 37312
$999,000 USD
423-267-3300
270-290 James Asbury Dr, Cleveland, TN for Sale
$999,000 USD
Office - FOR SALE
1/6
null | Request Cap Rate

270-290 James Asbury Dr
Cleveland, TN 37312


HIGHLIGHTS

  • Income-producing asset: Four Class?B office buildings totaling 5,020?SF, fully leased with multi-tenant setup—ideal for value-add investors.
  • Modern upgrades: Built in 1999 and fully renovated in 2018, featuring new metal roofing and no deferred maintenance
  • Strategic location: Prime visibility off I-75 at Paul Huff Parkway—corner parcel with high traffic exposure and strong redevelopment potential.
  • Investor friendly terms: 100% leased under market rates, anchor tenants open to rent increase; seller financing with no payments year?one.

OVERVIEW

Four income-producing commercial buildings just off of I-75 on the busy Paul Huff Pkwy exit. All four buildings are in great shape, with new metal roofs and no deferred maintenance to note. Current, long-term tenants are paying rent well under market, making this a perfect value-add investment, a user looking to lease out the other three buildings, or a redevelopment opportunity in this quickly growing market. Showings available only after an accepted LOI - please do not disturb tenants. Interior photos available upon request. Tenants recognize that they are paying under-market rent, but they would like to remain and are open to reasonable rent increases. Seller Financing Available - no payments year 1!

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$199 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

C

APN/PARCEL ID

033L-C-021.02

ASK ABOUT THIS PROPERTY

Andrew AustinAustin Real Estate, LLCMore Info
423-267-3300

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

Andrew AustinAustin Real Estate, LLCMore Info
423-267-3300

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