808 Lynn AveElizabethton, TN 37643

Property Details for 808 Lynn Ave

Year built

2012

Lot size

1.71 AC

Property size (Sq ft)

288 SF

Property type

Office properties

Property subtype

Other office properties

APN

010034O B 01201

APU

010034OB01201

Description

This exceptional industrial property, located at 808 N Lynn Ave in Elizabethton, Tennessee, presents a compelling investment opportunity. The 4-building complex encompasses a total of 11,000 square feet, ideally suited for distribution or warehouse operations. Constructed in 1989, the property sits on a generous 4-acre lot, zoned M1, offering ample space for various uses. Three substantial warehouse buildings are complemented by a dedicated office building, providing versatile space for administrative functions and operations. The property boasts two loading docks equipped with levelers, and a drive-through building design enhances efficiency. A significant advantage is the large fenced open lot, perfect for secure storage of trucks, equipment, or materials. This prime location offers convenient access to the Tri-Cities area. The property is available for sale at $675,000 with a potential lease term of 3 years. All information should be independently verified.

• CAP approach

  CAP return

  Valuation

  6%

  $55,576

  6.5%

  $51,301

  7%

  $47,636

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,711

  Geo Method

  $23,711

• Alternative Use

  Use

  Valuation

  Residential

  $63,613

  Hospitality

  $58,269

  Educational

  $48,479

  Medical

  $50,147

  Retail

  $75,412

Location Insight

City

Elizabethton

County

Carter

State

Tennessee

Latitude

36.3546

Longitude

-82.2206

CBSA code

27740

CBSA name

JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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