517 Bruce StSevierville, TN 37862

Property Details for 517 Bruce St

Year built

1998

Lot size

113.00 AC

Property size (Sq ft)

4,000 SF

Zone code

C-3

Property type

Office properties

APN

078049N J 01100

APU

078049NJ01100

Description

This exceptional 0.3-acre commercial land parcel at 517 East Bruce Street in Sevierville, Tennessee (zip code 37862), presents a unique turnkey business opportunity. Priced at $949,990, the property boasts a newly resurfaced parking lot and a building featuring recently updated interior and exterior paint. All existing equipment is included in the sale, providing a seamless transition for a new owner. The current setup includes a laundry facility with the potential for additional income streams through rental of the building's other space. This ready-to-operate business eliminates significant start-up costs associated with construction and build-out, allowing for immediate returns on investment. The property's location in Sevierville offers excellent visibility and accessibility, making it an ideal location for a variety of commercial ventures. All office workstations are also included in the sale. This is a rare chance to acquire a fully equipped, established business with significant growth potential. Don't miss this chance to own a thriving enterprise in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,023,331

  6.5%

  $944,613

  7%

  $877,141

• Comparable approach

  Method

  Valuation

  Relative Method

  $329,320

  Geo Method

  $329,320

• Alternative Use

  Use

  Valuation

  Residential

  $1,171,320

  Hospitality

  $1,072,923

  Educational

  $892,659

  Medical

  $923,359

  Retail

  $1,388,581

Location Insight

City

Sevierville

County

Sevier

State

Tennessee

Latitude

35.8654

Longitude

-83.5544

CBSA code

42940

CBSA name

SEVIERVILLE, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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