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Outlet Mall - 750k Below Appraisal! 31.19/Sq

228 Interstate Drive, Crossville, Tennessee 38555
Sold: $4,000,000
Outlet Mall - 750k Below Appraisal! 31.19/Sq

Property Details

Property Type
Improved property
Building Type
Freestanding
Building Size
151,223 sqft
Land Size
11.8 acres
Zoning
Commercial
Year Built
1988
Lease Type
4750000

Property Description

Asking Price is $750,000 Below Appraisal! This retail outlet shopping center consists of 29 retail suites and was constructed between 1988 and 1997. The site contains a total of 11.80 acres (514,800 sqft of land). The gross area of the shopping center is 152,284 sqft and the net rentable area is 151,233 sqft. Currently there are 2 prospective tenants in negotiation. Overall the condition is excellent and the property has been well maintained. This property is a great opportunity for added value including leasing up vacant units, reducing expenses, and purchasing below appraised value! Possible owner financing with substantial down. ALL OFFERS ENCOURAGED and WILL be CONSIDERED.....MAKE OFFER! Please sign attached confidentiality agreement to receive full investment package.

Just off of ST Road 298 and Interstate 40 (exit 320) which is the main thoroughfare of Cumberland County. Crossville is centrally located and less than 90 minutes to Nashville, Knoxville, and Chattanooga.

Location