109 E Hardin St, Greeneville, TN for sale

Investment Overview

Own a piece of history! Magnavox opened the Greeneville Cabinet Company in the 1940’s. Now, the real estate is available for sale for less than $12 per square foot. The property consists of 167,197 square feet over two buildings. The main building has 3 stories with loading doors on each level. The buildings are located on 5.33 acres in Greeneville, TN. There are 7 dock doors, 6 drive-in doors, and ceiling heights range mostly from 9’ – 14’. The main building has heavy electrical, newer roof (EPDM ~ 10 years old, TPO ~ 8 years old), and a dry sprinkler system with 6 of the 7 risers being recently rebuilt. Approximately 74,000 square feet are leased to multiple tenants. This generates over $130,000 ($1.80/SF) in gross income. Roughly 35% of the rented square footage consists of month-to-month tenants. This allows an investor or owner/occupant an excellent opportunity to increase the property’s rental income or make more space available for their own use. Seller will consider owner financing.