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301 School St 3,500 SF Retail Building Tellico Plains, TN 37385 $599,900 ($171.40/SF)
INVESTMENT HIGHLIGHTS
- Sleeps 18 Guests with a Game Room
- Walking distance to historical Downtown Tellico Plains!
- Rents for $399-$449 per night!
EXECUTIVE SUMMARY
The parties herein acknowledge they have been informed of bankruptcy proceedings in the United States Bankruptcy Court, and this Agreement is contingent upon final judgment and decree authorizing the sale of Property. In the event that a final judgment sale authorization is not granted within 60 days of a bound agreement, the Buyer may terminate this Agreement with written notice to Seller with Earnest Money/Trust Money returned in full to Buyer, in which event all parties agree to execute all applicable documentation.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$33,369
|
$9.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$33,369
|
$9.53
|
| Taxes |
$3,379
|
$0.97
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$3,379
|
$0.97
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $33,369 |
| Annual Per SF | $9.53 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $33,369 |
| Annual Per SF | $9.53 |
| Taxes | |
|---|---|
| Annual | $3,379 |
| Annual Per SF | $0.97 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $3,379 |
| Annual Per SF | $0.97 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Distress Sale
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,500 SF
Building Class
C
Year Built
1936
Price
$599,900
Price Per SF
$171.40
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
9.55 AC
Zoning
C - Commercial
Parking
10 Spaces (2.86 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Courtyard
- Air Conditioning
1 of 42
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301 School St
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