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Edward Jones 112 Main St

1,760 SF Office Building Portland, TN 37148 £340,366 (£193/SF)

Investment Highlights

  • High visibility
  • Historic Downtown
  • New Bathrooms
  • Excellent tenant
  • New HVAC
  • Recently serviced roof

Executive Summary

Commercial office space adjoined by other properties in historic downtown. The first in the row with great visibility. Only minutes from Nashville's downtown and Broadway. Long time tenant in place as professional financial advisor.
All brick construction built in 1940, exquisite building architecture adjoining other offices in 'The Square'.. The condition.. excellent! New HVAC including gas furnace, New bathrooms remodel and New water heater. Earn on day one!
The LOCATION! Lots of functional space for offices and storage. Two updated bathrooms and new hot water heater. Updated plumbing and HVAC. Modern roof underlayment recently repaired and updated in 2021!
Historic downtown Portland is home to the annual Strawberry Festival and site of historic civil war activity. Gateway to Gallatin and Nashville from historic Franklin KY. Newly completed exit on Hwy 65 provides better access and opportunities in this quickly growing community. Portland is a great mixture of history, business, restaurants and rural wide open spaces. Perfectly located and poised for growth. Own a piece of history that will be here for years to come.

Financial Summary (Actual - 2022)

Annual Annual Per SF
Gross Rental Income £15,962 £9.07
Other Income - -
Vacancy Loss - -
Effective Gross Income £15,962 £9.07
Net Operating Income - -

Financial Summary (Actual - 2022)

Gross Rental Income
Annual £15,962
Annual Per SF £9.07
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £15,962
Annual Per SF £9.07
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment
Sale Condition
Tenants option to buy property
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
1,760 SF
Building Class
C
Year Built/Renovated
1940/2021
Price
£340,366
Price Per SF
£193
Tenancy
Single
Number of Floors
1
Typical Floor Size
1,760 SF
Building FAR
0.81
Land Acres
0.05 AC
Opportunity Zone
Yes
Zoning
Commercial - Possible owner finance
Parking
2 Spaces (4.55 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Conferencing Facility
  • Courtyard
  • Accent Lighting
  • Reception
  • Bicycle Storage
  • Central Heating
  • Fully Carpeted
  • High Ceilings
  • Recessed Lighting
  • Suspended Ceilings
  • Wi-Fi
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Finance and Insurance
  • 1,760 SF
  • -
  • Plus All Utilities
  • Mar 2027

Since 1922, Edward Jones has worked to create a better future for their clients and their families and communities in the U.S. and Canada, one relationship at a time. Their advice is based on a disciplined, established process that centers on their clients, who are individual investors, and the goals they're trying to achieve. Each client benefits from a personalized relationship with their financial advisor, who is supported by the resources of a Fortune 500 firm. Every aspect of the firm’s business – from the types of products and services they offer to the locations of their branch offices – is designed to cater to individual investors in the communities in which they live and work. This business model has helped fuel remarkable growth for the firm and helped clients realize the possibilities for their futures.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Finance and Insurance 1,760 SF - Plus All Utilities Mar 2027

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
033H-D-020.00
Land Assessment
£10,673 (2023)
Improvements Assessment
£9,671 (2023)
Total Assessment
£20,344 (2023)
  • Listing ID: 27699069

  • Date on Market: 07/02/2023

  • Last Updated:

  • Address: 112 Main St, Portland, TN 37148

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