70 Clay St

    Oakland, TN 38060
    • $550,000
    • STATUS: Active
    • ON SITE: 112 days
    • ID#: 10065061
    UPDATED: 60 min ago
    $550,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2005
    County:

    School Ratings & Info

    Description

    Great location in Oakland just across the street from town hall! Nice & neat low maintenance brick building. 5 total bays of approx. 1,000 hsf each, 3 are currently leased w/ 1 to 2 years remaining on the lease. Landlord currently pays utilities of approx. $500/month, tenant pays gas. Electric could be changed to individual units if meters were installed. New roof in 2019, all new AC for all units in the past 2 years. Perfect opportunity for owner/occupied investment! Agent is related to seller.

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    © 2020 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Wallace Team - RE/MAX On Point. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2020-02-20T19:03:16.08.
    www.gowallacegroup.com/homes/100405405

    70 Clay St Oakland, TN 38060

    • Price: $550,000
    • Status: Active
    • Updated: 60 min ago
    • ID#: 10065061
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2005
    Built
    Neighborhood:
    The Oates
    County:
    Fayette
    Area:
    Oakland (East)/Somerville
    Property Description
    Great location in Oakland just across the street from town hall! Nice & neat low maintenance brick building. 5 total bays of approx. 1,000 hsf each, 3 are currently leased w/ 1 to 2 years remaining on the lease. Landlord currently pays utilities of approx. $500/month, tenant pays gas. Electric could be changed to individual units if meters were installed. New roof in 2019, all new AC for all units in the past 2 years. Perfect opportunity for owner/occupied investment! Agent is related to seller.
    Exterior Features

    Buildings 1 Location CornerFree StandingCity Lot Size 145 X 160 IRR Parking Facility Asphalt/BlacktopAttached16-30 Spaces Road Frontage City Street Roof Composition Shingles Truck Loading Door Height No Truck Door

    Interior Features

    Average Ceiling Height 8-10.9 Feet Cooling System Central CoolingElectric Cooling Floors Other Flooring Foundation Slab Heating System CentralGas Hot Water Gas Hot WaterPublic WaterPublic Sewer Improved Sq Ft 5000 Leaseable Sq Ft 5000 Offices 5 Restrooms 5

    Property Features

    Actual Annual Rent 40800 Annual City Tax 250 Annual County Tax 2384 Average Annual Utilities 6000 Commercial Type Office Contingency Type No Contingency Existing Financing Conventional Fixed Information Available Rent Roll Legal Subdivision Name The Oates Lot Number 2 Miscellaneous Pole SignRest Rooms New Financing Conventional Percent Occupancy 60 Possession Lease Possession At ClosingTenants Rights Sale Includes Building And LandNo Furnishings Tenant Pays Heat Type Usage Office

    Listing information © 2020 Memphis Area Association of REALTORS®.
    Listing provided courtesy of John Green & Co., Realtors.



    © 2020 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Wallace Team - RE/MAX On Point. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2020-02-20T19:03:16.08.
     
    The Wallace Team - RE/MAX On Point
    5350 Poplar Ave., Ste 700
    Memphis TN, 38119