$1,430,000
$1,400,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
15,420 SqFt
SOLD DATE : 06/16/2023
Key Details
Sold Price $1,430,000
Property Type Commercial
Sub Type Warehouse
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 2.35
Square Footage 15,420 sqft
Price per Sqft $92
MLS Listing ID 20230274
Sold Date 06/16/23
Construction Status Functional
Originating Board River Counties Association of REALTORS®
Year Built 2007
Annual Tax Amount $10,627
Lot Size 2.350 Acres
Acres 2.35
Lot Dimensions 249x494x222x466
Property Description
Immaculate fenced 59 climate and moisture controlled storage units ranging from 10x10 to 10x20 on 2.35 acres. Approximately 1.5 acres of poured concrete pad ready for 50 + additional units. Now has covered and uncovered RV and Boat rental space with space for more. New LED lighting inside and outside, new fire extinguishers, new electrical, must see to appreciate how the owner has transfored this Fred's retail store into state-of-the-art storage units! All has been done with excellence. Software system manages the monthly rental payments. Owner collects deposit, setup fee, and provides storage customers with online portal to make their payments and see their payment history. Well lit inside and out for security. Security cameras are in place. Each unit is covered with wire so no tenant can access any other unit. Additional storage space or a break area is now being added in an upstairs area. Office space has an area to sell packing and moving supplies. Almost full capacity for inside storage with basically no advertising. Business has grown steadily and is now producing excellent monthly income! Unclaimed deposits can not be figured into CAP rate, but are substantial. Ample room to add 100+/- more storage units or additional space to more boat and RV storage. HVAC and electric is in place to add more units. Clean, wife aisles, well lit, pest free! Must see to appreciate!
Location
State TN
County Polk
Area Polk County
Direction From Cleveland TN, take US64 East, follow signs to take US411 North to Benton. Turn left on Welcome Valley Road. Entrance is immediately to the left. (Approximately 15 miles from I-75 Paul Huff Parkway Exit #25)
Interior
Heating Central, Electric
Cooling Central Air, Electric, Multi Units
Flooring Concrete
Exterior
Exterior Feature Lighting
Parking Features Concrete
Roof Type Metal
Building
Lot Size Range 2.35
Sewer Public Sewer
Water Public
New Construction No
Construction Status Functional
Others
Tax ID 045 028.17
Security Features Security System,Fire Sprinkler System
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Bought with Bridge Property Management Group, LLC