520 Cook StMadisonville, TN 37354

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

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.

• 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

Location Insight

City

Madisonville

County

Monroe

State

Tennessee

Latitude

35.5178

Longitude

-84.3599

Property Tax & Assessments

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