198 Ellis Street Spring City, TN ^$ 245,000

198 Ellis Street

^$ 245,000

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198 Ellis Street

Spring City, TN, 37381

^$ 245,000

Studio Baths0.0 Sq 2,000

Monthly Estimate*

^$ 1,711

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Studio

Commercial Property for sale in Spring City, TN

for $245,000. This 2,000 square foot building was built in 1973 on a lot size of 0.13.

Commercial opportunity PLUS rental income!! This is a newly updated commercial space which includes 3 offices, conference area, kitchen and half bath, and the seller is including a brand new keyless entry system with purchase. This property also has a duplex with 1 bedroom/1 bath units that are on a slab and stay consistently rented. Located so close to downtown Spring City, this is a great investment opportunity with multiple options!

Commercial Active

Price

^$ 245,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 1,170

Style

Office,Duplex,Free Standing Building

Lot Size

0.13

Year Built

1973

Town/City

Spring City

County/Region

Rhea

MLS | Web ID

20241044

Features

General

Interior Features Eat-in Kitchen

Sewer Public Sewer

Heating Central

Cooling Central Air Varies by Unit Window Unit(s)

Utilities Electricity Connected

Possession Negotiable

Roof Metal

Appliances Electric Range Refrigerator

Exterior Features None

Zoning Multi Use

Construction Materials Concrete

Year Built 1973

Tenant Pays Electricity

Property SubType Mixed Use

County Rhea

New Construction N

Property Type Commercial Sale

Building Features Display Window(s) Ground Level Door

Status Active

Directions From downtown Spring City head south on Hwy 27. Take a left on Ellis St. Property on right.

High School Rhea County

City Spring City

Lot Size Square Feet 5663.0

Waterfront Y/N N

Street Name Ellis

Elementary School Spring City

Land Lease Y/N N

Tax Annual Amount 1170.19

Middle/Junior High School Spring City

Property Condition Updated/Remodeled

Ok to Lease See Remarks

Days on Market 40

Structure Type Office Duplex Free Standing Building

Standard Status Active

Interior

Flooring Carpet Luxury Vinyl

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Fencing None

Parking Features Gravel

Lot Features Rural

Water Source Public

Total Parking 4.0

Lot Size Area 0.13

Foundation Details Slab

Lot Size Acres 0.13

Road Surface Type Paved

Lot Size Units Acres

Road Frontage Type City Street

Road Responsibility Public Maintained Road

Open Parking Y/N N

* Excluded Features

List By

Angie Stumbo

Listing Agent

Simplihom

Broker

stumbosells@gmail.com

Affordability Calculator

$1,809

Per Month

Monthly Principal & Interest: $1,711
Monthly Property Taxes: $98
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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THE TIME TO SELL IS NOW!

Nearby

Trends
Schools

Commerical listings in Spring City, TN

Average List Price ^$290,000

Percent of Sale Price 18%

About Spring City, TN

9,180 Population

4% Since 2002

^$40,049 Median Income

47.8 Median Age

20% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2912785 Elementary School

2912823 Middle School

Rhea County High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/15/2024	$245,000		Listed Price

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198 Ellis Street, Spring City, TN, 37381 is a Commercial Property for sale at $245,000 with 2,000 sqft and a lot size of 0.13. 198 Ellis Street is a studio with 0.0 baths and was built in 1973. The property's zip code is 37381 which is in Spring City, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the River Counties Association of Realtors

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the River Counties Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/29/2024.

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198 Ellis Street

Commercial Property for sale in Spring City, TN

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