Church Hill Downtown Shopping Center

Shopping Center for Sale
Sale Pending
Catylist Listing ID: 29628339
Property Subtypes: Strip Center
Status: Pending
Building Size (RSF): 12,875 SF
Gross Building Area: See Agent
Gross Land Area: 1 Acre
Sale Price: $325,000
Unit Price: $25.24 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/20/2017

Overview / Comments

PRICE REDUCED! Fully leased and well established commercial strip center situated on the corner of East Main Boulevard in Church Hill. This well maintained center has four tenants, they are: Church Hill Drug Store, occupying their space for over 40 years; Community Clothes Closet, 18 + years; Faith Apostolic Church, 10 + years; and a medical office.

All tenants lease rates include water, sewage and garbage pick up with their only added expenses being telephone, internet and electric. The owner has replaced all the HVAC units in the past six years and the parking lot was repaved and restriped in September 2014.

This is an ideal investment opportunity for local community shopping center with great lease history. Please call listing agent for further information and financials.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Hawkins

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,641 10,468 24,473
Median Age: 42.05 41.89 41.61
Households: 1,975 4,303 10,105

Source

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