1200 Ladd Landing BlvdKingston, TN 37763

Property Details for 1200 Ladd Landing Blvd

Year built

2017

Lot size

3.00 AC

Property size (Sq ft)

8,300 SF

Property type

Office properties

Property subtype

Other office properties

APN

073047 03315

APU

7304703315

Description

This exceptional 7,586 square foot mixed-use property, situated on 3 acres in Kingston, Tennessee, presents a unique investment opportunity. The Class A building boasts ample space, perfect for a variety of uses including restaurants, event venues, churches, or office spaces. The impressive interior features a spacious ballroom with an elevated stage, capable of accommodating up to 225 guests, along with convenient dressing rooms and an additional banquet room. The property's significant outdoor area offers stunning views of Watts Bar Lake, providing a picturesque setting for events or simply enjoying the serene environment. Abundant parking is available for guests and patrons. The strategic location offers easy access to Interstate 40, less than 5 minutes away, ensuring excellent visibility and convenient access for customers and employees. The total occupancy for the building is 408. Flexible purchasing options are available, including a lease-to-own agreement, making this property accessible to a wide range of potential buyers. This versatile property is ideal for entrepreneurs seeking a prime location with significant potential for growth and success. The property's combination of indoor and outdoor space, coupled with its convenient location and stunning lake views, makes it a truly exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,755,486

  6.5%

  $1,620,449

  7%

  $1,504,702

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,351,987

  Geo Method

  $1,618,998

• Alternative Use

  Use

  Valuation

  Residential

  $2,009,356

  Hospitality

  $1,840,560

  Educational

  $1,531,324

  Medical

  $1,583,989

  Retail

  $2,382,060

Location Insight

City

Kingston

County

Roane

State

Tennessee

Latitude

35.8831

Longitude

-84.4923

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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