675 New Highway 68 Sweetwater, TN 37874

Property Details for 675 New Highway 68

Year built

1998

Lot size

0.50 lot acres

Property size

5,184 SF

Property type

Office Properties & Spaces

Description

This exceptional commercial property, located at 675 New Hwy 68 in Sweetwater, Tennessee, presents a compelling investment opportunity. The single-story, 5,184 square foot building sits on a half-acre lot and boasts a Class A rating. Currently housing five tenants with a 100% occupancy rate, the property generates a strong net operating income (NOI) of $57,290, resulting in a 7.64% cap rate. The building features five individual suites, ranging in size from 648 to 2,592 square feet. Suite A, the largest, offers 2,592 square feet with road frontage and is currently configured with two conference rooms, nine private offices, a break room, and a reception area. The remaining suites are similarly well-appointed, with several featuring offices, reception areas, kitchenettes, and bathrooms. One suite is currently unfinished and offers a roll-up door, ideal for storage or potential conversion. The property is zoned for commercial use and benefits from its location on a busy highway, just three miles from an interstate, providing excellent visibility and accessibility. The building was constructed in 1998 and is currently operating under a gross lease structure. This property is ideally suited for a variety of uses, including its current configuration, or potential conversion to a medical office or retail space. The strong tenant base and high occupancy rate make this a low-risk, high-reward investment opportunity in a growing area.

Location Insight

City

Sweetwater

County

Monroe

State

Tennessee

Longitude

-84.485

Latitude

35.595