117 Pierce RdJacksboro, TN 37757
- Office properties
- 4,860 SF
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
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
Comparable in this City
Similar Nearby for Sale
FAQs
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