818 N Main St
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818 N Main St
56,873 SF 100% Leased Flex Building Sweetwater, TN 37874 $2,976,687 CAD ($52 CAD/SF)
Investment Highlights
- High Traffic Flow
- Mix Use
- Great Income Opportunity
Executive Summary
Sweetwater Mills is a 52,225 Sq Ft Mixed Use commercial project consisting of 4 main buildings on 1.479 acres, plus a .36 acre additional parking lot. Building #1, 2 & 3 are leased grossing an impressive $15,000/month income and strong CAP rate. Building #4 is about 30,000 sq ft shell and is the crown jewel of the project, as a historic-feel building full of character and opportunity. The conceptual master plan for Building #4 is for a Steak House with Seafood and Bar with events, and mixed use. The classic red-brick 1900 construction is an awe-inspiring wow of potential.
The project location is superb. Literally on Main Street and walking distance to the growing popular destination historic downtown. Sweetwater is just outside of, and in the growth path of, the rapidly expanding nearby Knoxville Tennessee. With 2 exits off of the major Interstate I-75, Sweetwater recently landed a $300 Million Red Stag Fulfillment Complex development project on 140 acres. The Mid-South is experiencing a growth surge, probably because it is such a beautiful place to live and work and affordable. Tennessee and the town of Sweetwater are very business friendly and tax friendly. The city is supportive of the project plans and recently built a city parking lot across the street as well as funding a mural. Sweetwater is a fantastic place to grow this project and make your vision into reality.
The project location is superb. Literally on Main Street and walking distance to the growing popular destination historic downtown. Sweetwater is just outside of, and in the growth path of, the rapidly expanding nearby Knoxville Tennessee. With 2 exits off of the major Interstate I-75, Sweetwater recently landed a $300 Million Red Stag Fulfillment Complex development project on 140 acres. The Mid-South is experiencing a growth surge, probably because it is such a beautiful place to live and work and affordable. Tennessee and the town of Sweetwater are very business friendly and tax friendly. The city is supportive of the project plans and recently built a city parking lot across the street as well as funding a mural. Sweetwater is a fantastic place to grow this project and make your vision into reality.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | $2,976,687 CAD | Building Class | C |
Price Per SF | $52 CAD | Lot Size | 1.51 AC |
Sale Type | Investment | Rentable Building Area | 56,873 SF |
Sale Conditions | Redevelopment Project | No. Stories | 2 |
Property Type | Flex | Year Built | 1900 |
Property Subtype | Telecom Hotel/Data Hosting |
Price | $2,976,687 CAD |
Price Per SF | $52 CAD |
Sale Type | Investment |
Sale Conditions | Redevelopment Project |
Property Type | Flex |
Property Subtype | Telecom Hotel/Data Hosting |
Building Class | C |
Lot Size | 1.51 AC |
Rentable Building Area | 56,873 SF |
No. Stories | 2 |
Year Built | 1900 |
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PROPERTY TAXES
Parcel Number | 023K-G-001.00 | Total Assessment | $349,471 CAD |
Land Assessment | $90,172 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
Improvements Assessment | $259,299 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
023K-G-001.00
Land Assessment
$90,172 CAD
Improvements Assessment
$259,299 CAD
Total Assessment
$349,471 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
zoning
Zoning Code | Commercial (Commercial mixed use) |
Commercial (Commercial mixed use) |
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818 N Main St
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