For Sale
$359,000

312 Grove StLoudon, TN 37774

Two Suites, Prime Location, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents two executive office suites totaling 1,810 square feet, situated on a 0.42-acre lot in the heart of historic downtown Loudon, Tennessee. The property, located at 312 Grove St, Loudon, TN 37774, includes two well-maintained suites, each featuring approximately 900 square feet of space, a back storage room, and a bathroom. Built in 1925 and renovated in 1982, the single-story building sits on a lot that also encompasses an additional 0.24 acres of vacant land, ideal for employee or customer parking. The property is zoned C-1, offering flexibility for continued office use or conversion to retail space. The combined annual property taxes for both parcels are $1,647. This property benefits from its proximity to other thriving businesses such as The Shoppes on the Square, Angie's Kitchen, Greer's Home Furnishings, Serendipity Boutique, and Sons of Smoke BBQ. Floor plans are available. The asking price is $359,000, translating to $198.34 per square foot. Currently occupied, please do not disturb tenants. This is a rare opportunity to acquire a versatile property in a desirable downtown location with significant potential for growth and return on investment.

Highlights

  • $359,000 asking price for a 1,810 square foot multi-tenant property.
  • Located at 312 Grove St, Loudon, TN 37774.
  • Property consists of two executive office suites, totaling 1,810 square feet, with individual storage rooms and bathrooms.
  • Includes an adjacent 0.24-acre vacant lot, ideal for parking.
  • Zoned C-1, allowing for retail or office use.
  • Built in 1925, renovated in 1982.

Property Details for 312 Grove St

Property type
Retail properties, Office properties
Square Feet
1,810 SF
Year Built/Renovated
1925/1982
Buildings
1
Stories
1
Lot Size (sq. ft)
18,295 SF
Units
2

Location Insight

City
Loudon
County
Loudon
State
Tennessee
Latitude
35.7426551
Longitude
-84.3373009
312 Grove St, Loudon, Tennessee

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312 Grove St
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