INVESTMENT for Owner / User

Office for Sale
Also listed as Retail-Commercial, Shopping Center
Catylist Listing ID: 29937017
Property Subtypes: Governmental, Institutional, Medical, Mixed Use, Office Building, Other
Building Size (RSF): 8,010 SF
Gross Land Area: 0.94 Acres
Sale Price: $1,150,000
Unit Price: $143.57 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: West Oakland Commons
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/13/2017

Overview / Comments

Best Investment for Owner / User! Above average L-Shape concrete block building. Roof is porcelain enamel steel shingles. 882 sq.ft. covered porch. Lighted pylon sign at entrance.

Easy access, highly visible location. 45 parking spaces in front and back of building.

AVAILABLE: Suite 103 - former Salon 1,771 sf @ $12 sf/yr + $2.35 sf/yr NNN - additional cost. = $2,118 per month.

AVAILABLE: Suite 101 - "End Cap" 968 sf @ $14 sf/yr + $2.35 sf/yr NNN - additional cost. = $1,319 per month.

(NNN - Water/Sewer/Garbage, Taxes, Insurance and Common Area Maintenance.)

Tenant pays for electric, phone/internet and agrees to share cost of snow removal when necessary

Tenants in Building:
Suite 106 - Beltone
Suite 105 - Employment Solutions
Suite 102 - Summit Travel

Daytime Population: 1 Mile 10,595 3 Miles 44,042 5 Miles 95,408

Traffic count over 13,000 cars per day. Easy access to I-26, Hwy. 36 (Roan St.) and State of Franklin Rd.

Confidentiality Agreement required for Income / Expense information.

Daytime Population: 1 Mile 10,595 3 Miles 44,042 5 Miles 95,408

Traffic count over 13,000 cars per day. Easy access to I-26, Hwy. 36 (Roan St.) and State of Franklin Rd.

I-26 Exit 19 to State of Franklin Rd. Travel East toward Browns Mill Rd. and Hwy 36. Right on Oakland Ave. at light. See the "Red Roof Building" on left next to Southern Classic Car Wash.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $12,581 (Annual)
Potential Rental Income $96,120 (Annual)
Net Operating Income $96,120 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Johnson City
County: Washington
Tax ID/APN: 037D A 013.00
Zoning: B4
Property Located Between: Roan Street and State of Franklin
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2003
Roof Type: Other
Construction/Siding: Block
Parking Type: Surface
Total Parking Spaces: 46
Heat Type: Electricity

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,059 33,180 82,348
Median Age: 45.61 43.16 38.84
Households: 2,780 14,832 35,219

Contact

Photograph of Listing Agent

Tina Holt

Green Commercial Realty, Inc.
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