$429,000
Greeneville, TN 37745
MLS# 9910243
Status: Closed
9856 sqft
1 / 95
Property Description
JUSTIS-JONES SIX-UNIT BUILDING is located on Justis Drive, between Andrew Johnson Highway 11-E and Tusculum Boulevard, in Greeneville, Tennessee. • Traffic count: 27,000 (AADT) on Andrew Johnson By-Pass Highway 11-E, about 150 yards from building. • NEW PROPERTY MANAGEMENT: Recently repaired the roofs, AC units, ceiling tiles, other needs, and trimmed and mulched landscaping. • Building is adjacent to Walgreens, Andrew Johnson Bank, Fowlers Furniture and BB&T. Area properties include Tusculum Clinic, Weigels Convenience, and Greeneville Common Shopping Center. Building is less than a half mile from the Ballad Health Community East Hospital and Medical Office Buildings, and Greeneville Commons shopping center. Currently five tenants generated Gross Annual Revenue of $72,000; NOI of $35,000; ESTIMATED CAP rate 8.2%. BUYERS and Buyers agent are responsible for their own calculations and dimensions for decisions.
Details
Maps
Location, Tax & Legal Info
Street #: 520
Street Name: Justis
St Suffix: Drive
County: Greene
State/Province: TN
Zip Code: 37745
Area: 201 - Greeneville City
Complex/Ind Park: JUSTIS - JONES BUILDING 520
Lot #: 2
Deed Book #: 497A
Deed Page #: 148
Parcel ID: 087n B 003.00
City Taxes: 4441.23
County Taxes: 4047.59
Contract Info
Status: Closed
Listing Price: 429000
Current Price: $400,000
List Price/SqFt: 43.53
Listing Date: 2020-07-11
Buyer Broker: Yes
Buyer Broker Comm: 4
Buyer Broker Comm Type: %
Foreclosure: No
Short Sale: No
Auction: No
General Property Description
Lot Size: 64,033 SQ-FT
Acres: 1.47
Zoning: B4
Year Built: 1973
Stories: 1.5
Total SqFt: 9856
Total SqFt Finished: 9856
# Parking Spaces: 18
Road Frontage Length: 253
# Restrooms: 8
Annual Lease $: 72000
$ Lease/SqFt: 7.3
Remarks & Misc
Public Remarks: JUSTIS-JONES SIX-UNIT BUILDING is located on Justis Drive, between Andrew Johnson Highway 11-E and Tusculum Boulevard, in Greeneville, Tennessee. • Traffic count: 27,000 (AADT) on Andrew Johnson By-Pass Highway 11-E, about 150 yards from building. • NEW PROPERTY MANAGEMENT: Recently repaired the roofs, AC units, ceiling tiles, other needs, and trimmed and mulched landscaping. • Building is adjacent to Walgreens, Andrew Johnson Bank, Fowlers Furniture and BB&T. Area properties include Tusculum Clinic, Weigels Convenience, and Greeneville Common Shopping Center. Building is less than a half mile from the Ballad Health Community East Hospital and Medical Office Buildings, and Greeneville Commons shopping center. Currently five tenants generated Gross Annual Revenue of $72,000; NOI of $35,000; ESTIMATED CAP rate 8.2%. BUYERS and Buyers agent are responsible for their own calculations and dimensions for decisions.
Directions: GPS FRIENDLY: Turn south onto JUSTIS DRIVE from Andrew Johnson Hwy 11-E, at BB&T Bank / Walgreens, Greeneville, Tennessee.
Status Change Info
Date Pending: 2020-08-04
Sold Date: 2020-10-29
Sold Price: $400,000
Property Features
Property Condition: Average
Business Type: Professional Service; Professional/Office; Restaurant; Retail
Exterior Finish: Block
Other Equipment: Ansel System; Cable TV; Dumpster; Exterior Lights; Freezer; Lighting-Fluorescent; Refrigeration; Other
Roof: Built-Up
Electric Service: 220 Volts; Single Phase
Development Status: Finished Lot(s)
Heating: Central; Heat Pump
AC: Heat Pump; Wall Unit(s); Zoned
Water: Public
Sewer: Public Sewer
Road Access: City Street
Info Available: Aerial; Appraisal; Floor Plan; Plat; Rental Roles; Survey
Restrictions: Deed; Road Easement
Easements: Rec. Right of Way; Other; See Remarks
Financing: Cash; Conventional
Existing Finance: None
Sale Includes: Fee Simple
Listing Office: Greeneville Real Estate & Auction Team
Last Updated: October - 29 - 2020
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.