1655 Morrison StMcMinnville, TN 37110

  • Other commercial real estate
  • 51,637 SF
For Sale
$2,900,000 View listing

Property Details for 1655 Morrison St

Year built
1979
Construction
FRAME
Lot size
2.00 AC
Property size (Sq ft)
51,637 SF
Property type
Other commercial real estate
APN
089077 00101
APU
8907700101

Description

This exceptional 50,400-square-foot Class A industrial distribution center in McMinnville, Tennessee, is available for $2,900,000. Located on a 2-acre lot at 1655 Morrison St (APN 077 001.01), this single-story, 1979-built building offers significant potential for various uses. Features include 10 dock-high doors, 2 loading docks, 100 parking spaces, and a 17-foot ceiling height. The interior boasts reinforced concrete floors, ideal for heavy equipment, and includes former retail space, multiple offices, a kitchen/breakroom, and several lavatories. The property is currently vacant, with an occupancy date of September 15, 2024. While previously used as a home improvement warehouse and lumber yard, the seller prohibits use as a contractor supply business (excluding roofing supplies), opening doors to diverse redevelopment opportunities, such as a distribution center, manufacturing facility, or even a recreation complex. The property benefits from its convenient location between Nashville and Chattanooga, with easy access to Interstate 24, and anticipates sustainable growth in the Middle Tennessee region. Note that the roof has minor leak issues resulting in some minor interior damage. This presents a unique opportunity for an owner-user or multiple owners seeking a versatile space in a prime location. The property is zoned commercial.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $12,500,860
    Hospitality
    $11,450,721
    Educational
    $9,526,865
    Medical
    $9,854,509
    Retail
    $14,819,568
1655 Morrison St, McMinnville, Tennessee

Location Insight

City
Mcminnville
County
Warren
State
Tennessee
Latitude
35.6644
Longitude
-85.7987
CBSA code
32660
CBSA name
MCMINNVILLE, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$17,440
$336,960
$354,400
-
$43,600
$842,400
$886,000

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