362 Colonial RdRogersville, TN 37857

Property Details for 362 Colonial Rd

Year built

2009

Lot size

0.42 AC

Property size (Sq ft)

6,080 SF

Zone code

M-1

Property type

Office properties

APN

037101 19002

APU

3710119002

Description

This exceptional Class A commercial property, located at 362 Colonial Rd, Rogersville, TN 37857, presents a compelling investment opportunity. The 5,000 square foot building, constructed in 2018, seamlessly blends executive office space with flexible industrial capabilities. The layout includes approximately 3,000 square feet dedicated to modern office space and 2,000 square feet of warehouse area, providing versatility for a range of businesses. Its M1 zoning allows for diverse commercial uses, enhancing its appeal and potential return on investment. Situated in the thriving Rogersville area, this property benefits from convenient access to major transportation routes, making it an ideal location for companies seeking a strategic and easily accessible base of operations. The contemporary design and layout offer a functional and adaptable space, easily customizable to meet specific business needs. The asking price for this prime commercial real estate is $515,000. This property represents a rare opportunity to acquire a high-quality, versatile commercial space in a desirable location. Its modern features, flexible zoning, and strategic location combine to create a compelling investment prospect with significant growth potential. Don't miss this chance to secure a thriving business location in the heart of Rogersville, Tennessee.

• CAP approach

  CAP return

  Valuation

  6%

  $1,555,463

  6.5%

  $1,435,812

  7%

  $1,333,254

• Comparable approach

  Method

  Valuation

  Relative Method

  $500,566

  Geo Method

  $500,566

• Alternative Use

  Use

  Valuation

  Residential

  $1,780,407

  Hospitality

  $1,630,843

  Educational

  $1,356,842

  Medical

  $1,403,506

  Retail

  $2,110,644

Location Insight

City

Rogersville

County

Hawkins

State

Tennessee

Latitude

36.402

Longitude

-82.9968

CBSA code

28700

CBSA name

KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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