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The Elk Mixed-Use Investment 707 E Elk Ave 6,840 SF 100% Leased Retail Building Elizabethton, TN 37643 $850,779 CAD ($124.38 CAD/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 4 commercial tenants on the first floor
- Signage on front of the building
- Proximal to Carter County Courthouse & Mayor's Office
- 2 residential tenants on the second floor
- Located across from Covered Bridge Park
EXECUTIVE SUMMARY
Mixed-use investment property is available for sale in Downtown Elizabethton. The building has 4 commercial tenants on the first floor and 2 residential tenants on the second floor. A small parking lot behind the building is also included.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,840 SF
Building Class
C
Year Built
1927
Price
$850,779 CAD
Price Per SF
$124.38 CAD
Cap Rate
8.50%
NOI
$72,316 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.23
Lot Size
0.13 AC
Zoning
B-3 - Zoned B-3: Central Business District & Historic District
Parking
2 Spaces (0.29 Spaces per 1,000 SF Leased)
Frontage
51’ on Elk Ave
AMENITIES
- Signage
Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $105,355 CAD | |
| Land Assessment | $16,082 CAD | Total Assessment | $121,438 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$16,082 CAD
Improvements Assessment
$105,355 CAD
Total Assessment
$121,438 CAD
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The Elk Mixed-Use Investment | 707 E Elk Ave
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