925 Mulberry StLoudon, TN 37774

Property Details for 925 Mulberry St

Year built

1944

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.65 AC

Property size (Sq ft)

14,159 SF

Zone code

C-2

Property type

Warehouses

APN

053041I A 00700

APU

053041IA00700

Description

This 12,200-square-foot flex space industrial property, located at 925 Mulberry Street in Loudon, Tennessee, presents a unique investment opportunity. The property, built in 1944, features sturdy masonry construction and sits on a 0.65-acre lot with prime frontage on Highway 11, Loudon's main thoroughfare. The building boasts 3,000 square feet of office space, ideal for administrative functions or client meetings. Four loading docks and one drive-in door ensure efficient loading and unloading of goods, catering to various business needs. The C-2 zoning allows for a wide range of commercial uses. All necessary utilities are in place, and ample parking is available. Conveniently situated between Loudon County Schools and downtown Loudon, this location benefits from high visibility and consistent traffic flow. Easy access to Interstate 75 via exit 72 provides excellent transportation links. Offered at $350,000, this as-is property presents significant potential for a variety of businesses seeking a strategically located and well-equipped space in Loudon County, Tennessee. The property's 12,200 square feet offers a spacious layout, and the price per square foot is $28.69. The zip code is 37774.

• CAP approach

  CAP return

  Valuation

  6%

  $6,883,080

  6.5%

  $6,353,610

  7%

  $5,899,780

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,734,490

  Geo Method

  $4,418,970

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $3,241,770

  Mixed-Use / Specialty

  $3,217,340

  Hospitality / Lodging

  $2,343,710

  Office

  $3,184,830

  Institutional / Educational

  $3,340,140

  Residential Income

  $3,907,960

  Multifamily

  $4,758,340

  Automotive / Energy

  $2,862,980

  Parking / Income-Based Land

  $1,000,690

  Restaurant / Food Service

  $1,645,900

  Healthcare / Senior Housing

  $3,312,520

Location Insight

City

Loudon

County

Loudon

State

Tennessee

Latitude

35.7325

Longitude

-84.3471

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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