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5231 Wilbanks Dr, Hixson, TN 37343

Commercial property for lease

  • Description
  • This 3,128 SF retail center has four suites which are currently all leased on a month-to-month basis. Total monthly rental income is $2,450 with annual income at $29,400. The seller preferred to have month to month leases so there is the opportunity to obtain longer leases if wanted. Suite 101 leases for $500/month; suite 105 is $500/month; suite 109 is $800/month and suite 113 is $650/month. This averages about $8.63/SF. The Seller pays for taxes, property insurance, electricity, water and major maintenance. The annual expenses run about $6,000 so the Net Operating Income (NOI) is about $23,000 per year. Building price details: $209,000.
  • Property Details
  • Building Name: Chatt-R-Bug
    Property Type: Retail
    Use Types: Restaurant, Street Retail
    Status: Available
    Number of Stories: 4
    Year Built: 1900
    Year Renovated: 1962
    MSA: Chattanooga
    Zoning: C5
    Buildings: 1
    Tenancy: Multiple Tenants
    Terms: Cash to Seller
    Added: 07/23/2013
    Last Update: 11/25/2013
  • Exterior Features
  • Parking: Yes
    Parking Spaces: 15
    Parking Type: Surface
  • Contact info
  • Robert Fisher: 423-664-1550 [Office]
    KW Commercial

  • Note

  • Details Info about this row that located on 5231 Wilbanks Dr, Hixson, TN 37343 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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