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Listed by Christy Blanco Elder • Keller Williams
$ 300,000
Est. payment | /mo
8,136 SqFt
$ 300,000
Est. payment | /mo
8,136 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 8,136 sqft
Price per Sqft $36
MLS Listing ID 3531274
Year Built 1920
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Mixed Use
Property Description
ATTENTION INVESTORS! Rare opportunity to own an income-producing mixed-use property in a high-visibility corner location on the main strip in Etowah, near the historic train depot! This property offers TWO separate main-level commercial retail spaces PLUS FOUR upstairs apartments that are currently rented and generating income.
CURRENT APARTMENT RENTAL INCOME:
• Unit 1 – Studio – $600/month
• Unit 2 – 2 Bedroom – $695/month
• Unit 3 – 1 Bedroom – $695/month
• Unit 4 – Studio – $600/month
Total Current Residential Rental Income: $2,590/month!
A separate entrance provides private access to the upstairs residential units. The two commercial spaces offer tremendous flexibility for boutiques, antique shops, offices, retail, service businesses, or other potential uses.
Looking to maximize your investment? Consider reconfiguring the commercial space to potentially create additional residential units in the rear, or explore possible zoning options with the City of Etowah for further residential conversion.
With 2 commercial spaces, 4 income-producing apartments, 4½ bathrooms, excellent visibility, existing rental income, and multiple opportunities to add value, this property offers serious investment potential. Operate your own business, lease the commercial spaces, collect residential rent—or explore redevelopment opportunities. The possibilities are endless!
Buyer to verify zoning, permitted uses, potential conversions, rental information, square footage, and all information deemed important.
Tenant occupied upstairs. 24-hour notice required to show. NO SUPRA. Keys to be picked up at listing office in Athens. Commercial units are vacant and there is a Supra Lockbox for Commercial main level spaces.
CURRENT APARTMENT RENTAL INCOME:
• Unit 1 – Studio – $600/month
• Unit 2 – 2 Bedroom – $695/month
• Unit 3 – 1 Bedroom – $695/month
• Unit 4 – Studio – $600/month
Total Current Residential Rental Income: $2,590/month!
A separate entrance provides private access to the upstairs residential units. The two commercial spaces offer tremendous flexibility for boutiques, antique shops, offices, retail, service businesses, or other potential uses.
Looking to maximize your investment? Consider reconfiguring the commercial space to potentially create additional residential units in the rear, or explore possible zoning options with the City of Etowah for further residential conversion.
With 2 commercial spaces, 4 income-producing apartments, 4½ bathrooms, excellent visibility, existing rental income, and multiple opportunities to add value, this property offers serious investment potential. Operate your own business, lease the commercial spaces, collect residential rent—or explore redevelopment opportunities. The possibilities are endless!
Buyer to verify zoning, permitted uses, potential conversions, rental information, square footage, and all information deemed important.
Tenant occupied upstairs. 24-hour notice required to show. NO SUPRA. Keys to be picked up at listing office in Athens. Commercial units are vacant and there is a Supra Lockbox for Commercial main level spaces.
Location
State TN
County Mcminn County
Zoning Commercial
Interior
Fireplace N
Others
Special Listing Condition Standard
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