813 Willson StNiota, TN 37826

Property Details for 813 Willson St

Year built

1946

Construction

WOOD

Lot size

1.21 AC

Property size (Sq ft)

3,121 SF

Property type

Retail properties

Property subtype

Auto shops

APN

054033L A 00500

APU

054033LA00500

Description

This exceptional mixed-use property located at 813 W Willson Street, Niota, Tennessee, presents a lucrative investment opportunity. Boasting a substantial 3,009 square feet on a 1.21-acre lot, this building offers a diverse range of income-generating spaces. The property includes a large warehouse, ideal for various commercial uses or personal projects such as car repair. In addition to the warehouse, there are fifteen storage bays of varying sizes, providing ample rental potential. Currently, a one-bedroom apartment, complete with a kitchen, living room, and shower bathroom, is occupied by a tenant, generating immediate rental income. Please allow ample notice for showings to respect the tenant's privacy. The combination of warehouse space, numerous storage units, and a rental apartment creates a versatile property with multiple avenues for revenue generation. The size and layout of the storage units and warehouse make them easily rentable, offering flexibility for both business and personal use. This property is well-suited for entrepreneurs seeking a multi-faceted investment with immediate return and significant growth potential. The property's location in Niota, Tennessee, offers a strategic advantage for accessing regional markets and establishing a thriving business. The substantial size of the property, combined with its diverse income streams, makes this a truly unique and attractive investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $970,354

  6.5%

  $895,712

  7%

  $831,732

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,281,117

  Geo Method

  $1,534,131

• Alternative Use

  Use

  Valuation

  Residential

  $755,566

  Hospitality

  $692,095

  Educational

  $575,815

  Medical

  $595,618

  Retail

  $895,712

Location Insight

City

Niota

County

Mcminn

State

Tennessee

Latitude

35.5091

Longitude

-84.5576

CBSA code

11940

CBSA name

ATHENS, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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