Edward Jones 112 Main St 1,900 SF Office Building Portland, TN 37148 $415,000 ($218.42/SF)
INVESTMENT HIGHLIGHTS
- High visibility
- Historic Downtown
- New Bathrooms
- Excellent tenant
- New HVAC
- Recently serviced roof
EXECUTIVE SUMMARY
Invest in Charming Historic Portland, Nestled in the heart of Main St, around the corner from the "Strawberry Crate". 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.
Single story, all brick construction built in 1940, exquisite building architecture adjoining other offices in 'The Square'. Beautifully maintained office environment with New HVAC including gas furnace, New bathrooms remodel and New water heater. 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! Do not disturb Edward Jones tenant. Current cap rate just over 4%.
***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.
Single story, all brick construction built in 1940, exquisite building architecture adjoining other offices in 'The Square'. Beautifully maintained office environment with New HVAC including gas furnace, New bathrooms remodel and New water heater. 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! Do not disturb Edward Jones tenant. Current cap rate just over 4%.
***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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
1,900 SF
Building Class
C
Year Built/Renovated
1940/2021
Price
$415,000
Price Per SF
$218.42
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,900 SF
Building FAR
0.87
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
Commercial - commercial
Parking
2 Spaces (1.05 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
- Drop Ceiling
- Wi-Fi
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Finance and Insurance
- 1,900 SF
- -
- Plus Utilities
- Mar 2027
Edward Jones specializes in helping individual investors rather than institutions. And as a privately-owned company, they’re able to focus on relationships rather than shareholder returns. They've consistently been ranked among the best companies to work for by FORTUNE magazine, and their employees tend to stay with them for years. As a privately-owned company, Edward Jones has a very personal feel that's almost like family. Out of their partnership structure grows a spirit of collaboration. They have a shared focus on doing what's best for their clients, their communities and one another.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Finance and Insurance | 1,900 SF | - | Plus Utilities | Mar 2027 |
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PROPERTY TAXES
| Parcel Number | 033H-D-020.00 | Improvements Assessment | $29,440 |
| Land Assessment | $55,160 | Total Assessment | $84,600 |
