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6872 McCutcheon Rd 2,000 SF Retail Condo Unit Offered at $663,062 CAD in Chattanooga, TN 37421
INVESTMENT HIGHLIGHTS
- Commercial/Retail center of Chattanooga
- Five Year Government Lease w/Options
EXECUTIVE SUMMARY
This commercial investment property available for sale is located in the heart of the city's busy commercial and retail center. The property was beautifully updated in 2020.
PROPERTY FACTS
| Total Building Size | 10,000 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 10,000 SF |
| Property Subtype | Storefront | Year Built | 2015 |
| Building Class | C | Lot Size | 0.53 AC |
| Zoning | C - Commercial | ||
| Total Building Size | 10,000 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 10,000 SF |
| Year Built | 2015 |
| Lot Size | 0.53 AC |
| Zoning | C - Commercial |
1 UNIT AVAILABLE
Unit 102
| Unit Size | 2,000 SF | Sale Type | Investment |
| Price | $663,062 CAD | Cap Rate | 7.90% |
| Price Per SF | $331.53 CAD | NOI | $52,381.90 CAD |
| Condo Use | Retail |
| Unit Size | 2,000 SF |
| Price | $663,062 CAD |
| Price Per SF | $331.53 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 7.90% |
| NOI | $52,381.90 CAD |
DESCRIPTION
This commercial investment property available for sale is located in the heart of the city's busy commercial and retail center. The property has a 5 year modified gross government lease with a 7.9 cap rate in place and options to renew. The 2,000sf property features six distinct offices, a conference room, training space, a fully equipped kitchenette and a bathroom. The property was beautifully updated in 2020.
Insurance $104.10/month
Taxes $576.08/month
HOA $324.82/month
SALE NOTES
This commercial investment property available for sale is located in the heart of the city's busy commercial and retail center. The property has a 5 year modified gross government lease with a 7.9 cap rate in place and options to renew. The 2,000sf property features six distinct offices, a conference room, training space, a fully equipped kitchenette and a bathroom. The property was beautifully updated in 2020.
Insurance $104.10/month
Taxes $576.08/month
HOA $324.82/month
NEARBY MAJOR RETAILERS
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6872 McCutcheon Rd
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