2380 N Ocoee Street NE

    Cleveland, TN 37311
    • $1,550,000
    • STATUS: Active
    • ON SITE: 101 days
    • MLS #: 20184065
    UPDATED: 25 min ago
    $1,550,000
    • 0
      BEDS
    • 1.47
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,630
      SQFT
    • $123
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1999
    County:

    School Ratings & Info

    Description

    Prime Investment Property located in the heart of Cleveland Tennessee. Situated on 1.47 acres with 12,630 square feet, this beautiful and updated shopping strip center can be facilitated for retail or office use. Next door to CVS, Walgreen's and city restaurants and shopping within minutes. It has been completely 100% occupied for the past 12 years with the exception of 1 unit recently, but will be leased immediately. Leases are triple net for for current tenants, Lupi's Pizza, Cleveland Image Center & PET Imaging, and Northwestern Insurance. Parking in front, side and rear of building for 35+ vehicles. Both 2015 and 2016 Tax Returns on file, P&L's for 2016 and 2017, and available upon request as well as all leases. Cap Rate 7.25%

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    © 2018 River Counties 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices J Douglas Properties. Data last updated: 2018-10-21T19:47:42.087.
    www.theedringtonteam.com/homes/85508556

    2380 N Ocoee Street NE Cleveland, TN 37311

    • Price: $1,550,000
    • Status: Active
    • Updated: 25 min ago
    • MLS #: 20184065
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.47
    Acres
    12,630
    SQFT
    $123
    $/SQFT
    1999
    Built
    Neighborhood:
    Collins J Bennie Fin Ctr
    County:
    Bradley
    Area:
    Cleveland N E
    Property Description
    Prime Investment Property located in the heart of Cleveland Tennessee. Situated on 1.47 acres with 12,630 square feet, this beautiful and updated shopping strip center can be facilitated for retail or office use. Next door to CVS, Walgreen's and city restaurants and shopping within minutes. It has been completely 100% occupied for the past 12 years with the exception of 1 unit recently, but will be leased immediately. Leases are triple net for for current tenants, Lupi's Pizza, Cleveland Image Center & PET Imaging, and Northwestern Insurance. Parking in front, side and rear of building for 35+ vehicles. Both 2015 and 2016 Tax Returns on file, P&L's for 2016 and 2017, and available upon request as well as all leases. Cap Rate 7.25%
    Exterior Features

    Accessibility Govt. Maintained Road Approx Lot Size 64033.20 Cooling Type Central Cooling Eave Height 8-10 Feet Estimated Road Frontage 129.7 Heating Type CentralElectric Land Type Commercial Location Type Office BuildingStrip CenterShopping CenterFree StandingCity Material Type BlockBrick Misc Features Roof SignPole SignRest RoomsInside StorageOutside Lighting Office Office Building Parking Asphalt/BlacktopConcreteGravelAttached31-75 Spaces Road Frontage City Street Roof Metal Sewer Public Sewer System Structure Condition Very Good Water Source Public Water

    Interior Features

    Estimated Office Sq Ft 3358 Estimated Retail Sq Ft 9272 Floor Types Partial CarpetConcreteEngineered Hardwood Sq Ft Range 10000-19999 Water Heater Electric Hot Water

    Property Features

    Approx Lot Dimensions 176 X 133 X 486 X 129 Est Gross Annual Receipt 147000 Estimated Age Range 11-20 Years Estimated Tax 21490.57 Information On File Tax InformationLeasesRent RollProfit/Loss StatementsLegal Description Lender Approved Short Sale No Occupancy Lease Type 1-5 Years5-10 YearsVacancy Operating Exp Included Taxes-Real Estate Owner Finance Available No Possession At ClosingTenants Rights Retail Type RestaurantFree Standing Building Shopping Center Convenience/Strip Center Source Tax Record Terms Owner Occ/Will VacateOwner Occ/Lease BackOther - See Remarks Third Party Approval Req No Type Retail/Commercial Type Of Sale Owner Zoning Commercial General

    Listing provided courtesy of Monica Horner of Award Realty II.


    © 2018 River Counties 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices J Douglas Properties. Data last updated: 2018-10-21T19:47:42.087.
     
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