117 Pierce RdJacksboro, TN 37757

  • Office properties
  • 4,860 SF
For Sale
$550,000 View listing

Property Details for 117 Pierce Rd

Year built
1968
Lot size
1.31 AC
Property size (Sq ft)
4,860 SF
Property type
Office properties
Property subtype
Other office properties
APN
119 01200
APU
11901200

Description

This exceptional 5,000 sq ft Class B office building, situated on a 1.31-acre lot in Jacksboro, Tennessee (zip code 37757), presents a compelling investment opportunity. Built in 1968 and extensively renovated in 2019, the property boasts two buildings, each single-story, offering a total of 5,600 net rentable square feet. The versatile layout includes 11 rooms, 3.5 bathrooms, and a two-car garage with ample storage. Two laundry areas cater to diverse needs, while a separate office, kitchen, and bath with its own exterior access and patio provide additional flexibility. Multiple separate entrances enhance convenience. The property also features five 10'W x 12'T storage units. Zoned for Industrial/Office use, this property is ideally located just two minutes from I-75, ensuring easy access and high visibility. Currently used as a residence, the property's adaptable design makes it suitable for a wide range of business ventures, promising strong rental income or a thriving business location. This is a rare opportunity to acquire a well-maintained, versatile property in a prime location with excellent access to major transportation routes.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $833,836
    6.5%
    $769,694
    7%
    $714,716
  • Comparable approach

    Method
    Valuation
    Relative Method
    $413,114
    Geo Method
    $619,208
  • Alternative Use

    Use
    Valuation
    Residential
    $954,421
    Hospitality
    $874,245
    Educational
    $727,361
    Medical
    $752,376
    Retail
    $1,131,451
117 Pierce Rd, Jacksboro, Tennessee

Location Insight

City
Jacksboro
County
Campbell
State
Tennessee
Latitude
36.3092
Longitude
-84.1855
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
-
$14,680
$33,840
$48,520
-
$36,700
$84,600
$121,300

FAQs

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