410 Lovell RdKnoxville, TN 37934

For Lease
  • Drive through restaurants
  • 2,888 SF

Property Details for 410 Lovell Rd

Year built
1988
Construction
LIGHT FRAME
Lot size
1.32 AC
Property size (Sq ft)
2,888 SF
Property type
Drive through restaurants
APN
131 059
APU
131059

Description

This exceptional 0.9-acre commercial land parcel, located at 410 Lovell Rd in Knoxville, Tennessee, presents a unique opportunity for businesses seeking a prime location. Situated in Knox County, zip code 37934, this single-tenant property offers significant potential for development. The land is designated for commercial use and provides ample space for a variety of projects. With its convenient location and substantial acreage, this property is ideal for businesses requiring a sizable footprint. The site's address is easily accessible, offering excellent visibility and convenient access for customers and employees. The property is currently available for lease, providing a flexible option for businesses of all sizes. This is a rare opportunity to secure a well-positioned commercial land parcel in a thriving area of Knoxville. The 0.9-acre lot offers a blank canvas for a new construction project or expansion of an existing business. Interested parties are encouraged to explore the possibilities this property offers. The property's geographic coordinates are 35.8722577 latitude and -84.1751648 longitude. This is a single-tenant property, providing a unique opportunity for a business to establish a strong presence in the area. Further details regarding lease terms are available upon request.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $745,040
    6.5%
    $687,730
    7%
    $638,606
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,419,600
    Geo Method
    $1,419,600
  • Alternative Use

    Use
    Valuation
    Residential
    $580,126
    Hospitality
    $531,392
    Educational
    $442,112
    Medical
    $457,317
    Retail
    $687,730
410 Lovell Rd, Knoxville, Tennessee

Location Insight

City
Knoxville
County
Knox
State
Tennessee
Latitude
35.9053
Longitude
-84.1433
CBSA code
28940
CBSA name
KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

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
$23,091
-
-
$622,480
-
$1,047,900
$508,300
$1,556,200

FAQs

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