Industrial Park Rd Ardmore, TN 38449
- Retail properties
- 5,120 SF
- 1.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Industrial Park Rd
- Year built
- 1977
- Lot size
- 1.00 lot acres
- Property size
- 5,120 SF
- Property type
- Retail properties
- Property subtype
- Self storage facilities
Description
This exceptional 5,120-square-foot industrial property in Ardmore, Tennessee, presents a compelling investment opportunity. Located on a one-acre lot at Industrial Park Rd, 38449, this single-story, 1977-built building boasts a strong 11.54% cap rate and a current NOI of $30,000. The asking price is $260,000 ($50.78/sq ft). The property features one loading dock, one dock-high door, and a 10-foot ceiling height. Improvements include a new roof, new roof insulation, new LED lighting throughout most of the building, and a newly installed HVAC system in the front office. The building also includes a drive-in door recently added to the front and one office and restroom (plumbing exists for a second restroom). The property is currently leased under a NNN lease, with a single tenant, until May 1st, 2025, at a monthly rent of $2,500. The property's zoning is industrial, making it suitable for various uses, including machine shops, electrical companies, plumbing businesses, warehousing, and manufacturing. Three-phase power is available. This property offers a blend of strong financial performance and recent upgrades, making it an attractive investment prospect. The property is zoned for industrial use.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ardmore
- County
- Giles
- State
- Tennessee
- Longitude
- -86.8609
- Latitude
- 34.9949
