6040 Telecom DrMilan, TN 38358

Property Details for 6040 Telecom Dr

Year built

1980

Construction

FRAME

Lot size

2.00 AC

Property size (Sq ft)

10,500 SF

Property type

Commercial real estate

APN

140M A 01001

APU

140MA01001

Description

This exceptional 10,500-square-foot industrial property, located at 6040 Telecom Drive in Milan, Tennessee, presents a compelling investment opportunity. Situated on a generous two-acre lot, this versatile space offers significant potential for a variety of commercial uses. The building's substantial size allows for ample room for operations, storage, or a combination of both. Its location in Milan provides easy access to key transportation routes, facilitating efficient logistics and distribution. The asking price of $1,000,000 reflects the property's significant size, prime location, and the potential for strong returns on investment. The property is currently designated as "Other" in property type classification, allowing for a broad range of potential uses subject to local zoning regulations. Prospective buyers are encouraged to conduct their own due diligence to determine the suitability of the property for their specific needs and to verify all zoning and usage restrictions. This is a rare opportunity to acquire a substantial industrial property in a desirable location at a competitive price. The expansive lot size also offers potential for future expansion or development, adding further value to this already attractive offering. Serious inquiries are welcome. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $2,720,090

  6.5%

  $2,510,850

  7%

  $2,331,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $818,580

  Geo Method

  $818,580

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,932,980

  Retail / Commercial

  $2,531,630

  Mixed-Use / Specialty

  $2,524,190

  Hospitality / Lodging

  $1,853,990

  Office

  $2,510,850

  Institutional / Educational

  $2,624,710

  Residential Income

  $3,070,910

  Multifamily

  $3,674,270

  Automotive / Energy

  $2,249,750

  Parking / Income-Based Land

  $774,791

  Restaurant / Food Service

  $1,316,240

  Healthcare / Senior Housing

  $2,586,880

Location Insight

City

Milan

County

Gibson

State

Tennessee

Latitude

35.9039

Longitude

-88.7563

CBSA code

27180

CBSA name

JACKSON, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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