117 Pierce RdJacksboro, TN 37757

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

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.

• 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

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