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401 Wilson Ave

Tullahoma, TN 37388

$1,200,000

Storefront Retail Office For Sale  •  17,450 Sq Ft

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 17,450 Sq Ft
  • Lot Size 1.3 ac
  • Building Class C
  • Year Built 1941
  • Cap Rate 7.92 %
  • Tenancy Multiple
0 Transit Score
57 Walk Score

Description

The building was built by Jordan G. and Charlotte Ennis and John
Holland, the facility bottled Coca-Cola for the first time in 1941. At
the height of production, it employed 25 and operated 24 hours a
day 6 days a week.
The building was considered a bomb shelter during WWII and was used by the Mayor and Board of Alderman for the City Council
meetings. Due to the expanding product lines offered by Coca-Cola, the facility became inadequate to meet the expanding
production requirements and operated for the last time in 1973
The facility stood vacant for 5 years until a group of investors bought Mid-State Vending Company and moved operations to the
facility. In 2000 Mr. Credle purchased the building from the Ennis family and began renovations.
Renovations to bring the facility back to its original architecture took over 3 years. The Shoppes of Cokers began opening in 2004
The building and some of its tenants have been featured in the November 2006 issue of Southern Living and September 2007 on
Tennessee Crossroads.
This building is currently home to tenants such as hair salons, restaurant, boutiques that sell home decor, clothing, jewelry, gifts, art and more.

Highlights

The main building was the former Bottling Building
Single Story Flex Space
Single Story warehouse
Total Site 1.3 Acres

Property Flyers

Financial Summary (Actual)

Net Operating Income: $95,000 (2018)
Cap Rate: 7.92 %
Sharon Greaves 615-701-2940 Momentum Commercial Real Estate Services, LLC
Sharon Greaves 615-701-2940 Momentum Commercial Real Estate Services, LLC