2808 Lamar Alexander PkwyMaryville, TN 37804

Property Details for 2808 Lamar Alexander Pkwy

Year built

1980

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.34 AC

Property size (Sq ft)

17,572 SF

Zone code

BT

Property type

Retail properties

Property subtype

Retail space

APN

005058D C 02500

APU

005058DC02500

Description

This exceptional 16,200-square-foot industrial property, located at 2808 E Lamar Alexander Pkwy in Maryville, Tennessee (37804), presents a unique investment opportunity. The building, constructed in 1980, features a two-story design and sits on a 1.34-acre lot (APN: 058DC025). Zoned BT, it offers versatile space suitable for distribution, flex, or R&D uses. The building boasts a showroom and warehouse configuration, with a lower-level warehouse providing drive-in door and dock access, plus a large garage. High ceilings and large open areas offer flexibility for various tenants. The property's history as a well-known grocery store contributes to its high visibility and established presence in East Maryville. Its location benefits from high traffic counts, a planned 150-unit townhome development directly across the street, and proximity to successful businesses and Blount Memorial. Less than five minutes from the gateway to Townsend and the Great Smoky Mountains, this property offers excellent access and visibility. The asking price is $1,349,000, translating to $92.53 per square foot. This is an ideal opportunity for investors seeking a high-traffic location with significant development potential.

• CAP approach

  CAP return

  Valuation

  6%

  $6,226,222

  6.5%

  $5,747,282

  7%

  $5,336,762

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,642,658

  Geo Method

  $4,642,658

• Alternative Use

  Use

  Valuation

  Residential

  $4,848,048

  Hospitality

  $4,440,786

  Educational

  $3,694,682

  Medical

  $3,821,747

  Retail

  $5,747,282

Location Insight

City

Maryville

County

Blount

State

Tennessee

Latitude

35.7557

Longitude

-83.9244

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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