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| MLS # |
Price |
BR |
BA |
Sqft |
Acres |
Year Built |
$/Finished Sqft |
| 3886978 |
$9,500,000 |
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|
0 |
17.37 |
1967 |
$0.00 |
| Area Statistics (All listings < 5 mile) |
| # |
Avg Price |
Min Price |
Max Price |
Avg Sqft |
Avg Acres |
$/Finished Sqft |
| 6 |
$3,285,767 |
$89,900 |
$9,500,000 |
1,544 |
6.01 |
$284.91 |
Rare opportunity to purchase an exceptionally well located, large warehouse/production building on 17.4 acres, with land approved for additional development. Prime Arden location.
The existing single tenant lease (47 months remains/ no renewal rights) is dramatically below fair market.
Current fair market rent of $7.50 psf would produce income of $900,000/ year, a forward CAP rate of 10%, exclusive of surplus land value.
The approximately 6.5 acres of surplus land fronting Old Shoals Rd has been approved for construction of an additional 93,000/sf. This land could also readily accommodate climate controlled self-storage or apartment construction. FMV of the surplus land is $250,000/ acre, or better.
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| Type |
Description |
| Basement | Slab | | Business Type | Commercial | | Cooling | Office Only | | Docs On File | Aerial Photo | | Foundation | Slab | | Heating | Natural Gas | | Roof | Rubber | | Street | Road | | Utilities | City Sewer, City Water, Electricity Available |
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Listing provided by: Pulliam Properties, Inc
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purchase decision.
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