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Listed by Tanner Smith • Compass RE
$ 499,500
Est. payment | /mo
1,848 SqFt
$ 499,500
Est. payment | /mo
1,848 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 1,848 sqft
Price per Sqft $270
MLS Listing ID 3122497
Year Built 1983
Lot Size 871 Sqft
Acres 0.02
Property Sub-Type Office
Property Description
This 1,848 SF commercial condominium located within Bellevue Office Park presents a compelling investment or owner-user opportunity. Unit A is available for lease or owner-occupancy, while Unit B is currently leased to a stable dental office, providing immediate in-place income with future upside. Priced at $549,000, Unit A offers projected lease rates of $25.00/SF/YR NNN, creating instant NOI growth upon stabilization and resulting in a 6.85% stabilized cap rate. The property benefits from low-maintenance ownership, with HOA coverage including water, trash, and exterior maintenance. Capital improvements include a new roof replaced by the HOA in 2025 and a new HVAC system installed by the owner in 2025. This asset is ideal for owner-users seeking supplemental income or investors targeting a stable, well-maintained commercial condominium with strong fundamentals.
Location
State TN
County Davidson County
Zoning OR20
Interior
Fireplace N
Others
Special Listing Condition Standard
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