7014 Cumberland Gap PkwyHarrogate, TN 37752

Property Details for 7014 Cumberland Gap Pkwy

Year built

1985

Lot size

0.18 AC

Property size (Sq ft)

3,057 SF

Property type

Retail space

APN

015H A 00200

APU

015HA00200

Description

This exceptional mixed-use storefront property at 7014 Cumberland Gap Pkwy, Harrogate, TN 37752, is priced at $949,999. Ideally situated across from Lincoln Memorial University (LMU) on a busy highway, this property presents a rare investment opportunity. The building offers versatile space, previously utilized as a fireworks store, florist, and restaurant on the upper level. The lower level is currently configured as an apartment, providing additional income potential or flexible living space. This location offers high visibility and accessibility, making it suitable for a variety of commercial ventures. The property's history demonstrates its adaptability and potential for future success. With its prime location and diverse layout, this property is ready for a new owner to bring their vision to life and capitalize on its significant potential. The property is located in Claiborne County, Tennessee, and boasts a convenient address on Cumberland Gap Pkwy. This is a unique chance to own commercial real estate in the thriving community of Harrogate.

• CAP approach

  CAP return

  Valuation

  6%

  $771,005

  6.5%

  $711,697

  7%

  $660,861

• Comparable approach

  Method

  Valuation

  Relative Method

  $654,832

  Geo Method

  $634,241

• Alternative Use

  Use

  Valuation

  Residential

  $600,343

  Hospitality

  $549,911

  Educational

  $457,519

  Medical

  $473,254

  Retail

  $711,697

Location Insight

City

Harrogate

County

Claiborne

State

Tennessee

Latitude

36.582

Longitude

-83.6562

Property Tax & Assessments

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