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818 N Main St

56,873 SF 100% Leased Light Industrial Building Sweetwater, TN 37874 £1,643,145 (£29/SF)

Investment Highlights

  • High Traffic Flow
  • Mix Use
  • Great Income Opportunity

Executive Summary

Sweetwater Mills is a 52,225 Sq Ft Mixed Use commercial project consisting of 4 main buildings on 1.479 acres, plus a .36 acre additional parking lot. Building #1, 2 & 3 are leased grossing an impressive $15,000/month income and strong CAP rate. Building #4 is about 30,000 sq ft shell and is the crown jewel of the project, as a historic-feel building full of character and opportunity. The conceptual master plan for Building #4 is for a Steak House with Seafood and Bar with events, and mixed use. The classic red-brick 1900 construction is an awe-inspiring wow of potential.
The project location is superb. Literally on Main Street and walking distance to the growing popular destination historic downtown. Sweetwater is just outside of, and in the growth path of, the rapidly expanding nearby Knoxville Tennessee. With 2 exits off of the major Interstate I-75, Sweetwater recently landed a $300 Million Red Stag Fulfillment Complex development project on 140 acres. The Mid-South is experiencing a growth surge, probably because it is such a beautiful place to live and work and affordable. Tennessee and the town of Sweetwater are very business friendly and tax friendly. The city is supportive of the project plans and recently built a city parking lot across the street as well as funding a mural. Sweetwater is a fantastic place to grow this project and make your vision into reality.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £1,643,145
Price Per SF £29
Sale Type Investment
Sale Conditions Development Sale
Property Type Light Industrial
Property Subtype Data Centre
Building Class C
Lot Size 1.51 AC
Rentable Building Area 56,873 SF
Number of Floors 2
Year Built 1900

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
023K-G-001.00
Land Assessment
£50,077
Improvements Assessment
£144,002
Total Assessment
£194,079
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023

zoning

Zoning Code Commercial (Commercial mixed use)
Commercial (Commercial mixed use)
  • Listing ID: 33905086

  • Date on Market: 17/11/2024

  • Last Updated:

  • Address: 818 N Main St, Sweetwater, TN 37874

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