3535 Chere Carol RdHumboldt, TN 38343

Property Details for 3535 Chere Carol Rd

Year built

1985

Lot size

0.60 AC

Property size (Sq ft)

8,030 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

170 02807

APU

17002807

Description

This exceptional 7,530 square foot medical office building, situated on a spacious 25,700.4 square foot lot at 3535 Chere Carol Road in Humboldt, Tennessee, presents a unique investment opportunity. Built in 1985, this single-story building boasts a history of serving the local community as a medical facility. The property features numerous offices, exam rooms, and meeting spaces, thoughtfully designed for both patient comfort and efficient workflow. Multiple bathrooms are strategically located throughout the building to ensure smooth patient and staff flow. A welcoming central foyer with a drive-thru entrance serves as the reception/lobby area. The layout is versatile, accommodating both individual clinic privacy and collaborative accessibility, making it ideal for multi-tenant occupancy or a variety of medical practices. The building's design prioritizes ease of movement with numerous exits and well-placed hallways. Zoned exclusively for medical and medical-related uses within the Humboldt Medical Community, this property offers a chance to acquire a piece of local medical history and establish a thriving practice. The asking price is $450,000, and sale approval is required. This property is located in Gibson County, Tennessee, zip code 38343.

• CAP approach

  CAP return

  Valuation

  6%

  $1,835,487

  6.5%

  $1,694,296

  7%

  $1,573,275

• Comparable approach

  Method

  Valuation

  Relative Method

  $626,019

  Geo Method

  $626,019

• Alternative Use

  Use

  Valuation

  Residential

  $2,100,927

  Hospitality

  $1,924,438

  Educational

  $1,601,110

  Medical

  $1,656,174

  Retail

  $2,490,615

Location Insight

City

Humboldt

County

Gibson

State

Tennessee

Latitude

35.8147

Longitude

-88.895

CBSA code

27180

CBSA name

JACKSON, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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