Price:
$600,000
Beds:
0
Baths:
0
Living Area SqFt:
5,130
Status:
Active
Property Type:
Single Family Residence
Lot Size Acres:
0.38
Lot Size SqFt:
16,552
Year Built:
2004
Neighborhood:
Na
Days on Website:
20
Courtesy of EXIT Realty Blues City.
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Property Description
Investor opportunity in Milan, TN: Stabilized strip mall with established tenants including World Finance, Security Finance, and Cash Express — all in place for 15+ years. Strong in-place income with a cap rate over 7% (net of taxes and insurance). Proven tenancy, consistent cash flow, and low turnover make this a solid addition to any portfolio.
Property Details and Features
- Appliances & Equipment
- Description: “None”
- Basement
- Description: “Slab”
- Bathrooms
- Full Bathrooms: 0
- Half Bathrooms: 0
- Bedrooms
- Total Bathrooms: 0
- Main Level Bedrooms: 0
- Building
- Finished Area Above Grade: 5130
- Area: 5130
- Building Area: 5130
- Construction Materials: “Other”
- Levels: “One”
- Stories: 1
- Year Built: 2004
- Year Built Details: EXIST
- Cooling
- Details: “Central Air”
- Floors
- Flooring: “Other”
- Garage
- Garage Spaces: 0
- Heating
- Heating: “Central”
- Listing
- Days on Market: 0
- Listing Price: 600000
- Status: Active
- Location
- Address: 1056 Van Hook ST, E
- City: Milan
- State: TN
- Zip: 38358
- County: Gibson County, TN
- Subdivision: NA
- Directions: From Medina, take Highway 45 East toward Milan. Continue onto South First Street, then turn right onto East Van Hook Street. The property will be on the left.
- Lot
- Acres: 0.38
- Size: 0.38
- Size Units: Acres
- Parking
- Covered Spaces: 0
- Parking Total: 0
- Schools
- Elementary: Milan Elementary
- Middle/Junior High: Milan Middle School
- High School: Milan High School
- Utilities
- Sewer: “Public Sewer”
- Water Source: “Public”
- Utilities: “Water Available”
Property Map
$600,000 – 1056 Van Hook St E, Milan, TN 38358
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