131 Meeting StDandridge, TN 37725

  • Retail properties
  • 896 SF
For Sale
$199,900 View listing

Property Details for 131 Meeting St

Year built
1965
Lot size
0.06 AC
Property size (Sq ft)
896 SF
Zone code
R-1
Property type
Retail properties
Property subtype
Retail space
APN
068N D 00401
APU
068ND00401

Description

This exceptional 756-square-foot commercial building is ideally situated in the heart of Dandridge, Tennessee, at 131 E Meeting Street, Unit 131. Boasting a prime B-2 general business zoning, this property benefits from high traffic counts due to its prominent location fronting two streets. Ample parking is available both in front and in the rear for employees. Undergoing a complete renovation, the building now features two brand-new ductless heat/air systems installed in 2023, complete with warranties. A modern industrial ceiling with spray foam insulation and updated lighting enhances energy efficiency and aesthetics. The electrical system has been entirely upgraded with new wiring and a new breaker box. A newly renovated bathroom and updated plumbing fixtures ensure functionality and modern appeal. New insulation throughout the building further contributes to energy savings. The roof is also brand new, a TPO installation completed in 2024. City water and sewer are connected, and natural gas is conveniently accessible at the rear entry. This move-in ready space presents a fantastic opportunity for a variety of businesses seeking a well-maintained, updated property in a high-traffic location. The 0.06-acre lot provides ample space for operations.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $336,962
    6.5%
    $311,042
    7%
    $288,825
  • Comparable approach

    Method
    Valuation
    Relative Method
    $185,895
    Geo Method
    $185,895
  • Alternative Use

    Use
    Valuation
    Residential
    $262,376
    Hospitality
    $240,335
    Educational
    $199,956
    Medical
    $206,832
    Retail
    $311,042
131 Meeting St, Dandridge, Tennessee

Location Insight

City
Dandridge
County
Jefferson
State
Tennessee
Latitude
36.0174
Longitude
-83.4132
CBSA code
34100
CBSA name
MORRISTOWN, 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
-
$5,200
$5,520
$10,720
-
$13,000
$13,800
$26,800

FAQs

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