0 Industrial Park RdArdmore, TN 38449

  • Retail properties
  • 5,120 SF
For Sale
$260,000 View listing

Property Details for 0 Industrial Park Rd

Year built
1977
Lot size
1.00 AC
Property size (Sq ft)
5,120 SF
Property type
Retail properties
Property subtype
Other retail properties

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.

Industrial Park Rd, Ardmore, Tennessee

Location Insight

City
Ardmore
County
Giles
State
Tennessee
Latitude
34.9949
Longitude
-86.8609

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