316 22Nd AveHumboldt, TN 38343

Property Details for 316 22Nd Ave

Year built

1964

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.21 AC

Property size (Sq ft)

3,791 SF

Zone code

2

Property type

Retail properties

Property subtype

Banks

APN

170F A 05000

APU

170FA05000

Description

This single-tenant, 3,399 square-foot commercial building in Humboldt, Tennessee, presents a unique leasing opportunity. Built in 1964, this one-story structure sits on a 0.23-acre lot and is zoned for Business Services. The property boasts a convenient drive-through, ample parking (10+ spaces), and a secure vault/safe, making it particularly well-suited for financial institutions. However, its versatile layout and amenities, including a well-equipped kitchen and two restrooms, make it adaptable to a variety of office uses. The building's prime location near Humboldt's downtown area ensures high visibility and accessibility, attracting significant foot and vehicle traffic. The property taxes are $1.26 per square foot. There are no elevators. This is a rare chance to secure a well-maintained, functional space in a desirable location. The building is entirely vacant and ready for immediate occupancy. The property's features make it an excellent choice for businesses seeking a prominent presence in the Humboldt community. The address is 316 N 22nd Ave, Humboldt, TN 38343.

• CAP approach

  CAP return

  Valuation

  6%

  $1,273,817

  6.5%

  $1,175,831

  7%

  $1,091,843

• Comparable approach

  Method

  Valuation

  Relative Method

  $744,777

  Geo Method

  $744,777

• Alternative Use

  Use

  Valuation

  Residential

  $991,857

  Hospitality

  $908,536

  Educational

  $755,891

  Medical

  $781,888

  Retail

  $1,175,831

Location Insight

City

Humboldt

County

Gibson

State

Tennessee

Latitude

35.8217

Longitude

-88.9073

CBSA code

27180

CBSA name

JACKSON, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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