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The Elk Mixed-Use Investment 707 E Elk Ave 6,840 SF 100% Leased Retail Building Elizabethton, TN 37643 $615,000 ($89.91/SF) 8.50% Cap Rate
Investment Highlights
- 4 commercial tenants on the first floor
- Signage on front of the building
- Proximal to Carter County Courthouse & Mayor's Office
- 2 residential tenants on the second floor
- Located across from Covered Bridge Park
Executive Summary
Mixed-use investment property is available for sale in Downtown Elizabethton. The building has 4 commercial tenants on the first floor and 2 residential tenants on the second floor. A small parking lot behind the building is also included.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,840 SF
Building Class
C
Year Built
1927
Price
$615,000
Price Per SF
$89.91
Cap Rate
8.50%
NOI
$52,275
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.23
Lot Size
0.13 AC
Zoning
B-3 - Zoned B-3: Central Business District & Historic District
Parking
2 Spaces (0.29 Spaces per 1,000 SF Leased)
Frontage
51’ on Elk Ave
Amenities
- Signage
Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (74)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $77,040 | |
| Land Assessment | $11,760 | Total Assessment | $88,800 |
Property Taxes
Parcel Numbers
Land Assessment
$11,760
Improvements Assessment
$77,040
Total Assessment
$88,800
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The Elk Mixed-Use Investment | 707 E Elk Ave
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