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149-151 Freeman St

12,540 SF Office Building Tullahoma, TN 37388 $2,409,557 CAD ($192 CAD/SF) 6.18% Cap Rate

Office Space Tennessee Tullahoma 149-151 Freeman St, Tullahoma, TN 37388

Investment Highlights

  • Prime location situated just minutes from downtown Tullahoma.
  • Opportunity to build out section of space in building.
  • Corner lot promotes high visibility from Freeman and Silver St.

Executive Summary

Approximately 8,800 sq ft. of the building is currently leased to the State of TN Dept. of Children's Services. Rent increases to $8,667 per month beginning 7-1-24 through 6-30-29. Approximately 3,740 unfinished area is for rent for $2,500 per month. Taxes on building are $16,722 per year.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
12,540 SF
Building Class
C
Year Built
2000
Price
$2,409,557 CAD
Price Per SF
$192 CAD
Cap Rate
6.18%
NOI
$148,834 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
12,540 SF
Building FAR
0.25
Lot Size
1.14 AC
Zoning
Comm
Parking
61 Spaces (4.86 Spaces per 1,000 SF Leased)

Amenities

  • Kitchen
  • Reception
  • Natural Light
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 3,740 SF
  • Office
  • -
  • 30 Days
Space Size Space Use Condition Available
1st Floor 3,740 SF Office - 30 Days

1st Floor

Size
3,740 SF
Space Use
Office
Condition
-
Available
30 Days
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PROPERTY TAXES

Parcel Number 123H-A-025.00 Improvements Assessment $432,565 CAD
Land Assessment $26,610 CAD Total Assessment $459,175 CAD

PROPERTY TAXES

Parcel Number
123H-A-025.00
Land Assessment
$26,610 CAD
Improvements Assessment
$432,565 CAD
Total Assessment
$459,175 CAD
(931) 247-5056

Contact

  • Listing ID: 25906655

  • Date on Market: 2022-06-10

  • Last Updated:

  • Address: 149-151 Freeman St, Tullahoma, TN 37388

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Rental House $610 per month
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149-151 Freeman St
(931) 247-5056 x

149-151 Freeman St

Joe Orr

(931) 247-5056

(931) 247-5056

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