141 Odd Fellows Cemetery RdRockwood, TN 37854

Property Details for 141 Odd Fellows Cemetery Rd

Year built

1960

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.33 AC

Property size (Sq ft)

10,842 SF

Property type

Office properties

APN

073055G A 00101

APU

073055GA00101

Description

This exceptional 2.33-acre property in Rockwood, Tennessee, presents a rare redevelopment opportunity. The site encompasses two solid brick buildings totaling approximately 14,000 square feet, offering significant potential for various uses. Currently vacant with utilities disconnected, the property features a fenced lot with two entrances and a circular driveway. The existing structures, with their untouched dimensions, could be repurposed into a multifamily complex, potentially accommodating up to 20 units, or adapted for other commercial ventures. Alternative uses could include a gym, daycare center, charter school, nursing facility, or self-storage facility. This Class D, single-story building is listed at $250,000 and presents a unique chance to acquire a substantial property with considerable upside. The property's history as a school complex adds to its character and appeal. Further information regarding zoning and permitted uses can be obtained from Rockwood City Planning. Bring all offers. APN: 055G A 001.01.

• CAP approach

  CAP return

  Valuation

  6%

  $2,293,130

  6.5%

  $2,116,736

  7%

  $1,965,540

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,766,053

  Geo Method

  $2,114,840

• Alternative Use

  Use

  Valuation

  Residential

  $2,624,752

  Hospitality

  $2,404,259

  Educational

  $2,000,315

  Medical

  $2,069,109

  Retail

  $3,111,602

Location Insight

City

Rockwood

County

Roane

State

Tennessee

Latitude

35.8685

Longitude

-84.6649

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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