1009 Washington AveBrownsville, TN 38012

Property Details for 1009 Washington Ave

Year built

1975

Lot size

6.20 AC

Property size (Sq ft)

20,250 SF

Zone code

GC

Property type

Other commercial real estate

APN

066N G 00500

APU

066NG00500

Description

This exceptional redevelopment opportunity presents a 20,000-square-foot industrial warehouse situated on a 6.2-acre lot in Brownsville, Tennessee. Ideally located just 20 miles (a 25-minute drive) from Ford's Blue Oval City, this property offers significant potential for future growth. The existing Class C building, constructed in 1974, features 12-foot sidewalls, four high dock doors, one drive-in door, and approximately 1,200 square feet of office space. Currently occupied by a national tenant whose lease expires December 31, 2022, the building is used for storage and is in need of deferred maintenance. However, it presents a viable opportunity for conversion into a climate-controlled warehouse. The property also includes a light-up billboard, currently generating income, with Clear Channel expressing interest in leasing it. The site boasts ample parking with 100 spaces and is zoned for commercial use. With a total of 20,000 square feet of rentable space, the asking price is $2,000,000, or $100 per square foot. This represents a unique chance to capitalize on the burgeoning industrial sector near Ford's significant investment in the region. The property's location, existing infrastructure, and billboard income potential make it an attractive investment for developers seeking a high-return opportunity. The APN is 066N G 005.00. This is a single-story building with one loading dock.

• Alternative Use

  Use

  Valuation

  Residential

  $5,298,104

  Hospitality

  $4,853,034

  Educational

  $4,037,668

  Medical

  $4,176,530

  Retail

  $6,280,816

Location Insight

City

Brownsville

County

Haywood

State

Tennessee

Latitude

35.6047

Longitude

-89.261

CBSA code

15140

CBSA name

BROWNSVILLE, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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