34428 Sr 30Pikeville, TN 37367

Property Details for 34428 Sr 30

Year built

1953

Lot size

1.00 AC

Property size (Sq ft)

2,844 SF

Property type

Retail properties

Property subtype

Retail space

APN

004046 04300

APU

404604300

Description

This exceptional mixed-use property in Pikeville, Tennessee presents a unique investment opportunity. Situated on a one-acre lot just fifteen minutes from Fall Creek Falls State Park and ten minutes from Pikeville's town center, this property boasts high visibility and potential for multiple income streams. The main 2,844 square foot building features a one-bedroom, one bonus room, and three bathroom areas, complete with washer/dryer hookups and a living area. Recent updates (2022) include upgraded electrical, plumbing, and LED lighting. A commercial-grade kitchen is already installed, along with a dedicated dining area. Three gas tanks and pumps are on-site and are available for inspection and reconnection, subject to applicable regulations. The property benefits from two separate utility hookups and two septic tanks, allowing for the expansion of living space or the creation of additional rental units. Ample storage and parking are also available. In addition to the main building, there are three other structures: a 27' x 14' building, a 15' x 30' building with a bay door, and an additional storage building. The proximity to Fall Creek Falls State Park, Tennessee's largest and most visited state park, ensures high traffic and excellent visibility for any business venture. This property offers a compelling blend of commercial and residential possibilities, making it an ideal investment for a discerning buyer.

• CAP approach

  CAP return

  Valuation

  6%

  $884,232

  6.5%

  $816,214

  7%

  $757,913

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,167,413

  Geo Method

  $1,397,972

• Alternative Use

  Use

  Valuation

  Residential

  $688,507

  Hospitality

  $630,669

  Educational

  $524,709

  Medical

  $542,755

  Retail

  $816,214

Location Insight

City

Pikeville

County

Bledsoe

State

Tennessee

Latitude

35.6526

Longitude

-85.2116

Property Tax & Assessments

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