COMMERCIAL BUILDING WITH 4 TENANT SPACES ON HWY 155 IN COFFEE CITY

Retail-Commercial for Sale
Catylist Listing ID: 30461309
Property Subtypes: Mixed Use, Restaurant, Retail-Pad, Street Retail
Building Size (RSF): 5,500 SF
Gross Land Area: 0.72 Acres
Sale Price: $240,000
Unit Price: $43.64 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/23/2019

Overview / Comments

Existing strip center designed to have 4 different tenant spaces. High visibility location with easy access off of HWY 155 offers tenants a great opportunity to have a small business in the local area of Coffee City. Two of the spaces currently under construction for a restaurant to occupy, but could easily be finished back for retail or office type use. Other 2 spaces are still set up for office/retail use. With over 15,000+ cars passing by daily and over 320' of frontage on HWY 155, this is a prime parcel ready for investment. Scrolling billboard sign does not convey with property, EDC wants to keep it to help promote local Coffee City businesses!

Additional Details

Nearest MSA: Palestine
County: Anderson
Taxing Authority: ANDERSON COUNTY
Tax ID/APN: C000122739
Zoning: COMMERCIAL
Retail Clientele: General, Business, Recreation
Property Located Between: Frankston and Tyler
Property Visibility: Excellent
Largest Nearby Street: HWY 155 Frontage
Feet of Frontage: 321
Traffic/Vehicle Count: 1,500
Highway Access: Yes, on Hwy 155
Site Description: level .719 Ac. Easy access to paved parking lot from Hwy 155.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,500 SF
Property Condition: Good
Year Built: 1985
Construction/Siding: Wood Siding
Total Parking Spaces: 15
Parking Type: Surface
Parking Description: paved parking lot
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: Commercial, Retail, Office
Water Service: Municipal
Sewer Type: Septic
Legal Description: AB 624 WM Pickett SUR, Tract 2b2, 0.719 acres

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,829 8,692
Median Age: 49.06 47.73
Households: 2,901 3,630

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