402 Broad StNew Tazewell, TN 37825

  • Land
  • 1,564 SF
For Sale
$649,000 View listing

Property Details for 402 Broad St

Year built
1905
Lot size
0.53 AC
Property size (Sq ft)
1,564 SF
Property type
Land
Property subtype
Commercial land
APN
095 05900
APU
9505900

Description

This exceptional 0.5-acre commercial lot presents a remarkable investment opportunity in the thriving town of New Tazewell, Tennessee. Located at 402 S Broad St, this property boasts an unparalleled location with significant visibility and high traffic counts. The lot features approximately 135 feet of highway frontage along a road with nearly 20,000 vehicles passing daily, complemented by an additional 148 feet of frontage on Russell Road. This strategic positioning offers immense potential for a wide range of commercial ventures. Imagine a bustling coffee shop catering to nearby factory workers, a convenient liquor store, a much-needed oil change facility, or a popular breakfast establishment. The possibilities are virtually limitless, making this a truly unique opportunity for entrepreneurs and investors alike. Situated just eight miles from Norris Lake, this property offers easy access to recreational activities and a desirable lifestyle. City water and sewer services are readily available at the roadside, simplifying development and reducing infrastructure costs. Don't miss this chance to secure a prime commercial lot in a high-growth area of East Tennessee. This Claiborne County property is ready for your vision. Contact us today to learn more and request a video tour.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $307,143
    Hospitality
    $281,341
    Educational
    $234,073
    Medical
    $242,123
    Retail
    $364,113
402 Broad St, New Tazewell, Tennessee

Location Insight

City
New Tazewell
County
Claiborne
State
Tennessee
Latitude
36.4398
Longitude
-83.6055

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,127
$40,880
-
$40,880
-
$102,200
-
$102,200

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