345 Elk AveElizabethton, TN 37643

  • Land
  • 7,747 SF
For Sale
$400,000 View listing

Property Details for 345 Elk Ave

Year built
1946
Lot size
0.55 AC
Property size (Sq ft)
7,747 SF
Property type
Land
Property subtype
Commercial land
APN
010041B K 02600
APU
010041BK02600

Description

This exceptional 0.55-acre commercial land parcel presents a remarkable investment opportunity in Elizabethton, Tennessee. Located at 345 W Elk Ave, this property boasts a highly visible location on a recently expanded five-lane highway, ensuring tremendous traffic volume. The site is conveniently located just up the street from established businesses like Pal's Restaurant and Advance Financial, guaranteeing high visibility and accessibility. The property is zoned B2 Arterial Bus. District, making it ideal for a variety of commercial uses, including fast-food restaurants or high-traffic retail establishments. The lot is level and ready for development, with public utilities readily available. While the State of Tennessee holds a one-year remaining construction easement related to the highway expansion, this presents a unique opportunity to plan and begin engineering drawings for your new business venture before the easement expires. The property's APN is 041B-K-026.00. This is a rare opportunity to secure a prime commercial location in a thriving area

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,711,145
    Hospitality
    $1,567,400
    Educational
    $1,304,058
    Medical
    $1,348,907
    Retail
    $2,028,535
345 Elk Ave, Elizabethton, Tennessee

Location Insight

City
Elizabethton
County
Carter
State
Tennessee
Latitude
36.3517
Longitude
-82.2299
CBSA code
27740
CBSA name
JOHNSON CITY, TN METROPOLITAN 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
-
$46,880
-
$46,880
-
$117,200
-
$117,200

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