0 Industrial Park Rd Ardmore, TN 38449

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.