516 Broad Street , #3

    Elizabethton, TN 37643
    • $194,900
    • STATUS: Active
    • ON SITE: 84 days
    • MLS #: 426476
    $194,900
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,840
      SQFT
    • $28
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1954
    County:

    School Ratings & Info

    Description

    Well established commercial property on Broad Street, one of the most heavily traveled commercial arteries in the City of Elizabethton. Same location as McDonalds, Wendys, Hardees, Walgreens, Citizens Bank, Family Dollar Store and many other high end commercial establishments. With a location like this, the commercial exposure within the City is unparalleled. Well maintained two story brick building, with the main level consisting of 1,730 square foot of prime commercial space, currently utilized as a large accountant's office. The upper level consists of an additional 1,530 square feet of area comprised by two separate apartment units, each featuring two bedrooms and one bath with individual laundry facilities. The commercial space was originally designed and utilized as two separate business offices and could easily convert back to that, or can continue on as one large business space. Current commercial tenant is on a month to month basis, allowing buyers the opportunity of negotiating a new lease or utilizing the space for their own commercial use. The commercial space has central heating and air conditioning with each of the two apartments offering individual heating and cooling systems as well. Current income for the building is $750 per month for the commercial space, $495 for one of the apartments, and $395 for the other apartment because it is currently rented below market rent to friends of the owner. 540 square foot concrete basement. Both apartments are also rented on a a month to month basis. Large paved parking lot with ample parking. This is an excellent income producing property that has been well maintained by the long term owner and is in a prime location. An ideal property for investors or for those who want to locate their own building and reap the benefits of the income produced by the two upstairs apartment units. All info. taken from Tax Records. Buyer/Buyer's Agent to verify all.

    Monthly Payment Calculator



    © 2019 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2019-11-19T23:59:50.18.
    www.highlandsrealtyinc.com/homes/98385042

    516 Broad Street , #3 Elizabethton, TN 37643

    • Price: $194,900
    • Status: Active
    • MLS #: 426476
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    6,840
    SQFT
    $28
    $/SQFT
    1954
    Built
    Neighborhood:
    City Of Elizabethton
    County:
    Carter
    Area:
    City Of Elizabethton
    Property Description
    Well established commercial property on Broad Street, one of the most heavily traveled commercial arteries in the City of Elizabethton. Same location as McDonalds, Wendys, Hardees, Walgreens, Citizens Bank, Family Dollar Store and many other high end commercial establishments. With a location like this, the commercial exposure within the City is unparalleled. Well maintained two story brick building, with the main level consisting of 1,730 square foot of prime commercial space, currently utilized as a large accountant's office. The upper level consists of an additional 1,530 square feet of area comprised by two separate apartment units, each featuring two bedrooms and one bath with individual laundry facilities. The commercial space was originally designed and utilized as two separate business offices and could easily convert back to that, or can continue on as one large business space. Current commercial tenant is on a month to month basis, allowing buyers the opportunity of negotiating a new lease or utilizing the space for their own commercial use. The commercial space has central heating and air conditioning with each of the two apartments offering individual heating and cooling systems as well. Current income for the building is $750 per month for the commercial space, $495 for one of the apartments, and $395 for the other apartment because it is currently rented below market rent to friends of the owner. 540 square foot concrete basement. Both apartments are also rented on a a month to month basis. Large paved parking lot with ample parking. This is an excellent income producing property that has been well maintained by the long term owner and is in a prime location. An ideal property for investors or for those who want to locate their own building and reap the benefits of the income produced by the two upstairs apartment units. All info. taken from Tax Records. Buyer/Buyer's Agent to verify all.
    Exterior Features

    Exterior Finish Brick Lot Size 75 X 124 Road Access City Street Roof Composition

    Interior Features

    Ac Central Air Heating CentralElectric Total Sqft Finished 3420.00 Total Sqft Unfinished 3420.00

    Property Features

    Annual Lease Amount 0.00 Auction No Business Type Professional ServiceRetail City Taxes 1353.24 County Taxes 1867.32 Development Status OtherSee Remarks Easements None Electric Service OtherSee Remarks Existing Finance Conventional Financing CashConventional Foreclosure No Info Available Plat Other Equipment Lighting-Fluorescent Property Condition Above Average Restrictions Flood Plain Sale Includes Fee Simple Sewer Public Sewer Short Sale No Water Public Zoning B2

    Listing information © 2019 Tennessee/Virginia Regional MLS.
    Listing provided courtesy of David Collins of Russ Swanay Real Estate Compan.



    © 2019 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2019-11-19T23:59:50.18.
     
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