402SpringStreet.com | Seller Financing
6,024 SF | 20% Leased | Retail Building | Sparta, TN 38583 | $799,900 ($133/SF) | 10.73% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $799,900
- Property Type
-
Retail, Restaurant
- Square Feet
- 6,024 SF
- Price / Square Foot
- $133
Listing Contacts
Beau Beach
Verified Profile
- Property Info
Property Overview
Beau Beach, MBA CCIM presents:
$100,000 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.
4 of 5 storefronts are vacant. 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.
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! Contact us to receive the confidential Financial Snapshot and Floorplans.
This well priced property won’t last long. Don’t miss this opportunity. We must prepare all the paperwork.
$100,000 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.
4 of 5 storefronts are vacant. 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.
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! Contact us to receive the confidential Financial Snapshot and Floorplans.
This well priced property won’t last long. Don’t miss this opportunity. We must prepare all the paperwork.
Property Details
- Class
- C
- Year Built/Renovated
- 1999/2021
- Stories
- 1
- Property Subtype
- Storefront Retail/Office, Storefront
- Lot Size (sq. ft)
- 24,829 SF
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!
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