240 Hannah RdHarriman, TN 37748
- Healthcare properties
- 60,765 SF
Property Details for 240 Hannah Rd
- Year built
- 1972
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 4.63 AC
- Property size (Sq ft)
- 60,765 SF
- Property type
- Healthcare properties
- Property subtype
- Assisted living facilities
- APN
- 073018 00202
- APU
- 7301800202
Description
This exceptional vacant senior care and rehabilitation center presents a unique investment opportunity in Harriman, Tennessee. Boasting a substantial 54,899 square feet of space, this property sits on a generous 4.63-acre lot and offers ample parking with 76 designated spots. Originally constructed in 1966, the facility underwent a complete renovation in 2009, ensuring modern amenities and functionality. The unit mix comprises 14 private rooms (14 beds) and 83 semi-private rooms (166 beds), providing significant capacity. The sale includes all furniture, fixtures, and equipment, streamlining the transition for a new operator. Key operational areas are well-equipped, featuring a commercial kitchen, a commercial laundry facility, and a dedicated dining room. Administrative offices are also included. The property is located at 240 Hannah Rd, Harriman, TN 37748, and is offered at an asking price of $2,495,000, translating to $45.45 per square foot. This represents a compelling opportunity to acquire a well-maintained, fully equipped senior living facility ready for immediate operation or redevelopment.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $12,562,891
- 6.5%
- $11,596,515
- 7%
- $10,768,192
-
Comparable approach
- Method
- Valuation
- Relative Method
- $11,382,711
- Geo Method
- $13,630,744
-
Alternative Use
- Use
- Valuation
- Residential
- $14,710,668
- Hospitality
- $13,474,893
- Educational
- $11,210,953
- Medical
- $11,596,515
- Retail
- $17,439,260
Location Insight
- City
- Harriman
- County
- Roane
- State
- Tennessee
- Latitude
- 35.9626
- Longitude
- -84.5264
- CBSA code
- 28940
- CBSA name
- KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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