520 Cook StMadisonville, TN 37354

  • Office properties
  • 2,298 SF
For Lease
$12/SF/YR View listing

Property Details for 520 Cook St

Year built
2004
Lot size
0.26 AC
Property size (Sq ft)
2,298 SF
Property type
Office properties
Property subtype
Other office properties
APN
062067D J 00403
APU
062067DJ00403

Description

This exceptional office space, located at 520 Cook St in Madisonville, Tennessee, offers a unique opportunity for businesses seeking a versatile and well-positioned location. The property is a Class B building totaling 9,900 square feet, currently featuring one suite available for lease. This particular suite comprises 1,000 square feet of adaptable space, perfect for a variety of professional uses. Previously utilized as a physical therapy and healthcare office, the layout includes a reception area, multiple large open spaces ideal for collaborative work or individual offices, a convenient utility room, and a significant feature: a large therapy pool. This could be repurposed for various needs depending on the tenant's requirements. The building's location is highly advantageous, situated on the main thoroughfare of Madisonville, ensuring excellent visibility and accessibility. Ample parking is readily available, a key benefit in this busy commercial corridor. Beyond the immediate 1,000 square foot space, there is an additional 1,700 square feet of professional office space available in a separate building on the property, offering potential for expansion or additional workspace. The property is in Monroe County, Tennessee, zip code 37354. This listing presents a rare chance to secure a well-maintained, conveniently located office space in a thriving commercial area. The property is categorized as Traditional Office, Executive Office, and Creative Office space, offering flexibility for diverse business needs.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $494,092
    6.5%
    $456,085
    7%
    $423,508
  • Comparable approach

    Method
    Valuation
    Relative Method
    $378,817
    Geo Method
    $448,248
  • Alternative Use

    Use
    Valuation
    Residential
    $565,545
    Hospitality
    $518,037
    Educational
    $431,000
    Medical
    $445,823
    Retail
    $670,445
520 Cook St, Madisonville, Tennessee

Location Insight

City
Madisonville
County
Monroe
State
Tennessee
Latitude
35.5178
Longitude
-84.3599

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
2022
$2,101
$12,040
$76,080
$88,120
-
$30,100
$190,200
$220,300

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