402-410 N Spring St - Storefront Retail/Office FOR SALE


Sparta, TN 38583
$774,000 USD
800-721-3287
402-410 N Spring St, Sparta, TN for Sale
$774,000 USD
Storefront Retail/Office - FOR SALE
1/8
null | Request Cap Rate

402-410 N Spring St
Sparta, TN 38583


HIGHLIGHTS

  • $100,000 price reduction to ensure a timely sale.
  • Value-Add Retail Strip Center
  • Priced at 40% of Replacement Cost
  • Absentee, out of area owner who inherited the property
  • Seller Financing
  • Priced to ensure a timely sale!

OVERVIEW

Beau Beach, MBA CCIM presents: Motivated seller! $125,000 price reduction to ensure a timely sale. 402-410 N Spring Street in Sparta, TN is a 5 suite retail center with undeniable character. Ample parking (5.3/1000 SF) on the .57 acre parcel of land. Absentee, out of area owner who inherited the property. Sold as-is. Priced at just 40% of replacement cost to ensure a timely sale! Seller Financing Avoid all the bank headaches! For qualified buyers, seller will provide Seller Financing. Visit the PROPERTY WEBSITE to view your seller financing options. Add value with hands-on management Buy this property with cash or seller financing, fill the vacant units and create cash flow plus considerable equity for yourself. This property will be delivered vacant (seller will need 90 days to vacate items from two suites). Each storefront includes 2 bathrooms, utility room, front and back entrance, seperate HVAC. Built in 1999. Most restrooms were updated in 2021. Prominent pylon signage. All units are vacant with the exception of the seller’s unit which will be vacated within 90 days of close. Zoned C-D which is intended for retail uses. Great location Located on Sparta’s “main street”. Situated between the local hospital, high school, middle school and the Rolling Acres neighborhood. Adjacent sister building is occupied by Wellspring Family Chiropractic. Daily traffic count exceeds 7,000 vehicles per day. Buyer to receive $5,000 Convenience Credit Buyer will receive a $5,000 credit at closing if our brokerage manages the entire transaction. We must prepare all the paperwork. Priced to ensure a timely sale! This well priced property won’t last long. Don’t miss this opportunity. We must prepare all the paperwork.

FOR SALE DETAILS

PRICE

$774,000 USD

PRICE/SF

$128 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

402SpringStreet.com | Seller Financing

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

C-D

APN/PARCEL ID

049-002.04

ASK ABOUT THIS PROPERTY

Beau BeachBeachwood Commercial Real Estate BrokerageMore Info
800-721-3287

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Beau BeachBeachwood Commercial Real Estate BrokerageMore Info
800-721-3287

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.