3297 Cosby HwyCosby, TN 37722

Property Details for 3297 Cosby Hwy

Year built

2006

Construction

FRAME

Lot size

1.05 AC

Property size (Sq ft)

9,301 SF

Property type

Retail properties

Property subtype

Retail space

APN

015102 02525

APU

1510202525

Description

This exceptional 9,014-square-foot stand-alone retail building presents a unique investment or leasing opportunity in Cosby, Tennessee. Situated on a 1.05-acre lot, the property boasts a 2006 construction date and is currently entirely vacant, offering complete flexibility for a new tenant or owner. The building is zoned unzoned, providing potential for a variety of uses. The property is available for both sale and lease. Lease terms include a Net Net (NN) structure, with the landlord responsible for roof repairs and maintenance. Tenant responsibilities encompass property taxes, insurance, and all other operating expenses. The base rent is $6,098 per month, translating to $7.00 per square foot annually, based on a 5-year initial lease term. The space is divisible, offering the potential for two 4,507-square-foot rentable units, or other configurations as mutually agreed upon. Located at 3297 Cosby Highway, Cocke County, TN 37722, this property offers high visibility and accessibility. Its single-tenant occupancy allows for a streamlined management approach, making it an attractive option for businesses seeking a prominent location in a growing market. The property's size and layout provide ample space for a variety of retail concepts, making it an ideal choice for entrepreneurs and established businesses alike. This is a rare opportunity to acquire a well-maintained, strategically located retail space in a desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $3,497,865

  6.5%

  $3,228,799

  7%

  $2,998,170

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,929,693

  Geo Method

  $1,929,693

• Alternative Use

  Use

  Valuation

  Residential

  $2,723,612

  Hospitality

  $2,494,814

  Educational

  $2,075,656

  Medical

  $2,147,041

  Retail

  $3,228,799

Location Insight

City

Cosby

County

Cocke

State

Tennessee

Latitude

35.8432

Longitude

-83.2232

CBSA code

35460

CBSA name

NEWPORT, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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