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193 Solomon st

5,000 SF Industrial Building Bone Cave, TN 38581 $425,000 ($85/SF)

INVESTMENT HIGHLIGHTS

  • 3-Phase Electric
  • Rail access
  • Dust system

EXECUTIVE SUMMARY

The property consists of a 10,000 square-foot main metal building, which includes a 418 square-foot office area, a 4,582 square-foot enclosed warehouse, and a 5,000 square-foot covered dock area with rail access. Additionally, there are two sheds, each approximately 960 square feet, and a 1,300 square-foot dry kiln that, while non-operational, was installed 7 to 10 years ago at a new cost of $140K. The property also features a dust collection system (Mass-Lepley Silo / Flying Dutchman) with an unknown operational status, originally valued at $200K. A loading dock, sprinkler system (currently leaking and non-operational), and 3-phase electric service are included. The building, constructed in 1972, may need roof coating, though there are no current leaks. A Phase I environmental study was completed in April 2022, with no further action required.

PROPERTY FACTS

Price $425,000
Price Per SF $85
Sale Type Investment or Owner User
Sale Condition Deferred Maintenance
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Warehouse
Building Class C
Lot Size 10.93 AC
Rentable Building Area 5,000 SF
No. Stories 1
Year Built 1972
Tenancy Single
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 1

AMENITIES

  • Storage Space

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
035-088.00
Land Assessment
$16,520
Improvements Assessment
$50,920
Total Assessment
$67,440

ZONING

Zoning Code IL (Light Industrial)
IL (Light Industrial)
  • Listing ID: 33125894

  • Date on Market: 9/10/2024

  • Last Updated:

  • Address: 193 Solomon st, Bone Cave, TN 38581

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