Florence New
REALTOR®
SQUARE FEET5,250
MLS#3180111
STATUSActive
PROPERTY TYPECommercial - Retail
Property Description
Unlock the potential of this 6-unit retail property in Elora, offering a prime value-add investment opportunity with multiple income streams and significant upside.The property features 6 total units, with 2 currently leased at $500/month each on month-to-month terms, providing immediate income while allowing flexibility to increase rents or reposition tenants. With pro forma rents, the property has the potential to generate $3,000+ per month once stabilized.In addition to the retail spaces and one has cafe or restaurant potential, the property includes multiple storage containers, and a dedicated parking lot, creating additional revenue opportunities and enhancing overall cash flow potential.Recent electrical updates have already been completed, reducing upfront improvement costs and adding to the property's long-term value.Whether you're an investor looking to reposition and maximize rents or seeking a multi-use commercial asset with strong upside, this property offers a compelling opportunity in a growing rural market.Bring your vision and capitalize on the potential-opportunities like this don't last long.
Property Features
Property Type: Commercial - Retail
Lot Size: 2.00 Acres
Year Built: 1997
Feature Descriptions
Days on Site: 35
Parcel#: 155 02703 000
Listed By / Shown By
Listed By
Agency Name: Go Realty, LLC
Agency Phone: 9313135086
Shown By
Agent Name: Florence New
Agent Phone: (615) 668-8007
Agency Title: ExCEL Real Estate & Development Co.
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307 John Hunter Hwy | MLS# 3180111
This commercial property located at 307 John Hunter Hwy, Elora, TN 37328 is currently listed for sale with an asking price of $220,000. Search Elora real estate on fnew.excelredtn.com today.