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1119 N Main Ave 1,384 SF Office Building Erwin, TN 37650 $240,000 ($173.41/SF) 7.50% Cap Rate
Investment Highlights
- Excellent visibility and signage opportunity
- 1,384 SF turnkey office building
- Prime North Main Avenue location
Executive Summary
Move-in ready office building located on highly traveled North Main Avenue in Erwin, Tennessee. This well-maintained 1,384-square-foot commercial office offers excellent visibility, convenient access, and a large private parking lot, making it an ideal location for professional offices, medical offices, attorneys, accountants, insurance agencies, real estate firms, financial services, or other office-related businesses.
The efficient floor plan features a welcoming reception and waiting area, three private offices, one restroom, a full kitchen/break room, and multiple storage and support rooms to accommodate a variety of business operations. Attractive Luxury Vinyl Plank (LVP) flooring throughout provides a modern, low-maintenance finish.
An additional 440-square-foot walkout basement offers valuable storage space or potential for expanded operations.
Situated along North Main Avenue, the property benefits from excellent street exposure and easy customer access while providing ample on-site parking for employees and visitors.
The efficient floor plan features a welcoming reception and waiting area, three private offices, one restroom, a full kitchen/break room, and multiple storage and support rooms to accommodate a variety of business operations. Attractive Luxury Vinyl Plank (LVP) flooring throughout provides a modern, low-maintenance finish.
An additional 440-square-foot walkout basement offers valuable storage space or potential for expanded operations.
Situated along North Main Avenue, the property benefits from excellent street exposure and easy customer access while providing ample on-site parking for employees and visitors.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
1,384 SF
Building Class
C
Year Built
1958
Price
$240,000
Price Per SF
$173.41
Cap Rate
7.50%
NOI
$18,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,384 SF
Building FAR
0.14
Lot Size
0.22 AC
Zoning
B-2 - Commercial Zoning - B2
Parking
15 Spaces (10.84 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Kitchen
- Basement
- Central Heating
- Air Conditioning
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Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 023D-H-01900-000 | Improvements Assessment | $20,440 |
| Land Assessment | $18,520 | Total Assessment | $38,960 |
Property Taxes
Parcel Number
023D-H-01900-000
Land Assessment
$18,520
Improvements Assessment
$20,440
Total Assessment
$38,960
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1119 N Main Ave
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