601 School St - Light Distribution FOR SALE


Morrison, TN 37357
$3,495,000 USD
615-306-9298
601 School St, Morrison, TN for Sale
$3,495,000 USD
Light Distribution - FOR SALE
1/20
null | Request Cap Rate

601 School St
Morrison, TN 37357


HIGHLIGHTS

  • Railroad, Doc, High Ceilings, large parking lot, 12.5 ac

OVERVIEW

Huge price reduction! Seller is motivated. Beautiful Building and Location!! Over 56,700 sq ft, 12.5 acers, Four Apartments, Two full size Gymnasiums, , Executive offices, one loading doc, high ceilings, large parking lot, along with a growing community make this site extremely versatile and appealing. Currently occupied by a restaurant and entertainment business. Current owner and business wishing to lease back approx. 20,000 sqft of space to new owner. No matter if you are an investor looking for a new venture, or a business needing to relocate, there are multiple possibilities with this property. Originally used as a school, then fully remodeled in 2023. Therefor it can serve as a multipurpose commercial or potential light industrial property.

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$62 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

ADD'L SUBTYPES

Distribution, Manufacturing, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

18 Ft

DOCKS

1

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.39

LAND SF

452,482

ZONING

Commercial

APN/PARCEL ID

101-009.00

ASK ABOUT THIS PROPERTY

Brandon WingateThe Wingate Group, LLCMore Info
615-306-9298

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Brandon WingateThe Wingate Group, LLCMore Info
615-306-9298

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