2598 Smithville Hwy
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2598 Smithville Hwy
4,400 SF Flex Building McMinnville, TN 37110 $950,000 ($216/SF) 5.24% Cap Rate
Investment Highlights
- 446 feet of Hwy frontage, Just outside city limits, zoned Commercial, City sewer, pay only county taxes
Executive Summary
THIS ONE IS SPECIAL!! +/- 7.5 Ac of commercial property including over 2,200 sqft of office space and an additional 2,200 sqft of full basement for storage or additional office space. This property lies just outside the McMinnville city limits with over 446 feet of HWY 56 frontage. It is Zoned Commercial and sewer is provided by McMinnville City Utilities but you only pay county taxes!! Tremendous value added with a total of 2 driveways one large paved 65 foot driveway and level graveled land. The commercial possibilities with this one is endless. Currently leased till 3/1/25. Owner Agent
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 |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
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 | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- 24 Hour Access
- Signage
- Yard
- Storage Space
- Air Conditioning
Utilities
- Lighting - Fluorescent
- Water - City
- Sewer - City
- Heating - Electric
zoning
| Zoning Code | commercial (County Zoning with City Utilities, city sewer) |
| commercial (County Zoning with City Utilities, city sewer) |
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2598 Smithville Hwy
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