202 White StAthens, TN 37303

Property Details for 202 White St

Year built

1961

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.08 AC

Property size (Sq ft)

2,180 SF

Property type

Office properties

Property subtype

Other office properties

APN

054056M C 00600

APU

054056MC00600

Description

This exceptional commercial property at 202 N White Street in Athens, Tennessee, is now available for $479,000. Situated in the heart of the historic downtown area, this 0.08-acre lot offers a unique opportunity for various commercial ventures. The property currently consists of two buildings, totaling approximately 4174 square feet, which could be sold separately. One building offers 2,610 square feet and is priced at $299,000 if sold individually, while the second building comprises 1,564 square feet and is priced at $180,000 if sold separately. The property boasts excellent condition with numerous recent upgrades, including new paint, flooring, doors, water heaters, and fixtures. The left side of the building features a new roof, and each building has its own HVAC system. Ten parking spaces are available, six in the front and four at the rear of the property. This property is ideal for retail or office spaces and presents a compelling investment opportunity in a thriving downtown location. The property's zip code is 37303, and it is located in McMinn County. The seller is open to selling the property as a whole or in separate units. This is a rare chance to acquire a well-maintained commercial property in a highly desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $461,080

  6.5%

  $425,612

  7%

  $395,211

• Comparable approach

  Method

  Valuation

  Relative Method

  $355,100

  Geo Method

  $425,231

• Alternative Use

  Use

  Valuation

  Residential

  $527,759

  Hospitality

  $483,424

  Educational

  $402,203

  Medical

  $416,036

  Retail

  $625,649

Location Insight

City

Athens

County

Mcminn

State

Tennessee

Latitude

35.4435

Longitude

-84.5944

CBSA code

11940

CBSA name

ATHENS, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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