135 Little Senator CirClinton, TN 37716

  • Other commercial real estate
  • 1,134 SF
For Sale
$699,000 View listing

Property Details for 135 Little Senator Cir

Year built
1940
Lot size
0.65 AC
Property size (Sq ft)
1,134 SF
Property type
Other commercial real estate
APN
001031 09900
APU
103109900

Description

This exceptional 1,870 square foot shopping center, situated on a one-acre lot in Clinton, Tennessee (37716), presents a lucrative investment opportunity. The property, located at 135 Little Senator Cir, boasts a prime location with highway exposure and a service road, ensuring high visibility for your business. Built in 1958 and extensively renovated in 2022, the building features a new roof, gutters, siding, plumbing, electrical system, fresh paint, and updated HVAC. The property is currently vacant, offering flexibility for a single tenant or the potential to be divided into two separate units. Zoned for commercial use (APN: 00103109800), this property offers a strong return on investment, with an estimated annual income of $33,600. The asking price is $699,000, translating to $307.49 per square foot. The property is situated in a fast-growing area near Norris Lake, and there's potential for expansion, with adjacent properties available for purchase as a package deal for $1.1 million. This meticulously maintained shopping center is ready for immediate occupancy and offers significant upside potential. The property is a triple net (NNN) lease.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $222,698
    Hospitality
    $203,990
    Educational
    $169,718
    Medical
    $175,554
    Retail
    $264,005
135 Little Senator Cir, Clinton, Tennessee

Location Insight

City
Clinton
County
Anderson
State
Tennessee
Latitude
36.183
Longitude
-84.0645
CBSA code
28940
CBSA name
KNOXVILLE, 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
-
$32,760
$14,440
$47,200
-
$81,900
$36,100
$118,000

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