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24450079
24450080

625 Ocoee Street, Copperhill, TN 37317 For Sale

JF
TN 317500, GA 333689
Coldwell Banker High Country Realty
Listed by Coldwell Banker High Country Realty
$4,000,000
439 days on market
Updated 5 days ago
Opportunity zone

625 Ocoee Street

Details
APN 12600.301
Property Type Retail, Industrial
Sub Type Storefront, Warehouse (+1)
Square Footage 37,000
Net Rentable (SqFt) 38,623
Cap Rate 13.85%
NOI $554,000
Occupancy 50%
Tenancy Multi
Lease Type Net
Rent Bumps Yes
Lease Options Negotiable
Pro-Forma Cap Rate 6.25%
Pro-Forma NOI $250,000
Broker Co-Op Yes
Year Built 1959
Year Renovated 2025
Buildings 3
Acreage 4.870
Zoning COML
Parking Spaces 50 spaces
Parking per 1,000 SqFt 1.35
Investment Type Owner/User
Ceiling Height 20'
Loading Docks 3
Dock High Doors 2

38,623 SF Multi-Use Commercial & Retail Space on 4 Lane Major Highway

Marketing description

Huge ROI with 13.85% CAP RATE. See Pro Forma in attached documents on listing or call Listing Agent for details. Shown by appointment only! 37,000 sf Mixed Use Commercial Building (Suitable for Warehouse, Storage, Manufacturing, Retail or Restaurant). 6,500 sf. Retail Space (Rented Tenant Hardware Store), 6,000 sf Retail Space (Fireworks Store BUSINESS INCLUDED). New HVAC System, New Updated Fire Sprinkler System, New Roof, all on major highway, minutes from historic downtown Copperhill, TN & McCaysville, GA and only 20 minutes to downtown Blue Ridge, GA with ample shopping & dining. Two additional rented homes on property (one aprox. 1,500sf & the other at 800 sf). More details coming soon! See Agent to schedule showing.

Investment highlights

Current Income Producing Property and Business with Room for Expansion

This diverse business venture at 625 Ocoee on a major 4 lane highway offers a 38,623 sq ft warehouse, retail & office space on nearly 5 acres with a profitable fireworks business and multiple rental streams of incomes.

The warehouse includes retail space, loading ramps, and ample parking and considerable expansion possibilities. Also included in this $4,000,000 investment is income from hardware store lease, a rental cottage, a cabin, and a profitable Fireworks Business, each providing steady annual income.

The fireworks business alone grosses $500,000+ annually, with the additional rental properties adding to a total annual net income of $250,000+, all while only utilizing about half the building for business purposes. The other half of the building (previously used for the owners personal military equipment collection) is being cleared out to providing room to expand the space available for additional business use or lease.

See Pro Forma and/or Listing Agent for details and financials.

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Listing Contacts

JF
TN 317500, GA 333689
Coldwell Banker High Country Realty
Listed by Coldwell Banker High Country Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$554,000.00
$46,166.67/mo

Valuation Metrics

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DSCR
13.85%
Cap Rate
13.85%
ROI

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Additional Information

Name
Joe Folsom
License
317500
Brokerage
Coldwell Banker High Country Realty
Brokerage Phone
7062761254
Title
Broker/Realtor
Brokerage Address
329 River Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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