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501 N Oak StSweetwater, TN 37874
501 N Oak Street
Asset ClassRetail
Square Feet1,196
overview of deal

Overview

Well-located commercial building in downtown Sweetwater offering in-place income with future upside. The property consists of approximately 1,196 SF and is zoned C-2, allowing for a wide range of commercial and professional uses. The building is currently leased to a retail tenant at $2,000 per month, providing immediate cash flow and an attractive in-place cap rate based on current rent and expenses. The lease term offers flexibility for continued income or a future owner-user strategy. Prior to the current tenancy, the property was operated as a medical/dental office and remains well suited for professional use. The space was originally configured with multiple exam rooms, a reception and waiting area, supporting office space, and a small kitchenette/break area. While the current tenant removed certain interior walls, the layout can be reconfigured back to a medical or professional office, creating a clear value-add opportunity. The property is well maintained with no immediate capital improvements required. Its proximity to Sweetwater Hospital and location within the downtown business district make it attractive for medical, dental, therapy, or general professional users. Buyer to verify zoning and permitted uses.

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Investment Highlights

  • ±1,196 SF commercial building
  • Zoned C-2
  • In-place tenant paying $2,000/month
  • Attractive in-place cap rate
  • Flexible lease / owner-user potential
  • Former medical/dental office
  • Easily convertible back to professional use
  • Kitchenette / break area
  • Downtown Sweetwater near hospital
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501 N Oak StSweetwater, TN 37874

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