98 Mariner Point DrClinton, TN 37716

Property Details for 98 Mariner Point Dr

Year built

1996

Lot size

1.25 AC

Property size (Sq ft)

4,064 SF

Property type

Office properties

Property subtype

Other office properties

APN

001081 09505

APU

108109505

Description

This exceptional 4,356 square foot Class B office building, situated on 1.25 acres in Clinton, Tennessee, presents a unique investment opportunity. Currently operating as a well-established daycare center with a waiting list, this versatile property offers significant potential for diverse uses. The spacious layout, featuring six rooms each with exterior access, is ideal for collaborative work environments or businesses requiring large, adaptable spaces. The building boasts a full kitchen equipped with a commercial dishwasher, a recently replaced rubber roof (approximately 3 years old), and four high-efficiency heat pumps (all less than 4 years old). Recent upgrades include new cabinets and countertops, a state-of-the-art security system, shatter-proof windows and doors, new flooring, a new sink, and key fob access for enhanced security. Constructed of concrete block, the building is wheelchair accessible and benefits from its convenient location, providing easy access to Clinton, Oak Ridge, and nearby research labs. The sale includes the existing daycare business and all fixtures. This property represents a compelling combination of established income potential and future development possibilities. The asking price is $650,000. The address is 98 Mariner Point Dr, Clinton, TN 37716.

• CAP approach

  CAP return

  Valuation

  6%

  $697,265

  6.5%

  $643,629

  7%

  $597,656

• Comparable approach

  Method

  Valuation

  Relative Method

  $345,452

  Geo Method

  $792,724

• Alternative Use

  Use

  Valuation

  Residential

  $798,100

  Hospitality

  $731,056

  Educational

  $608,230

  Medical

  $629,148

  Retail

  $946,135

Location Insight

City

Clinton

County

Anderson

State

Tennessee

Latitude

36.0736

Longitude

-84.1626

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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