1240 Florence RdSavannah, TN 38372

Property Details for 1240 Florence Rd

Year built

2001

Construction

FRAME

Lot size

1.71 AC

Property size (Sq ft)

16,264 SF

Zone code

B2

Property type

Retail properties

Property subtype

Retail space

APN

036083P B 01602

APU

036083PB01602

Description

This exceptional commercial property, located at 1240 Florence Rd in Savannah, Tennessee, offers a versatile 14,514 square-foot building situated on a generous 1.7-acre lot. The property is classified as retail, office, and industrial, making it suitable for a variety of business types. The building's configuration is ideal for a single tenant seeking a significant footprint. The property features one loading dock, a key asset for businesses requiring efficient loading and unloading capabilities. The property is situated in Hardin County, Tennessee, and offers a triple net (NNN) lease structure, providing tenants with predictable and transparent operating costs. This single-tenant occupancy presents a unique opportunity for businesses seeking a prominent presence in a growing market. The expansive space and ample land provide flexibility for various operational needs, while the location ensures high visibility and accessibility. The property's zoning and permitted uses should be verified independently. This is a rare opportunity to secure a substantial commercial space in a desirable location. The zip code is 38372.

• CAP approach

  CAP return

  Valuation

  6%

  $3,780,213

  6.5%

  $3,489,427

  7%

  $3,240,182

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,528,013

  Geo Method

  $3,528,013

• Alternative Use

  Use

  Valuation

  Residential

  $2,943,462

  Hospitality

  $2,696,196

  Educational

  $2,243,203

  Medical

  $2,320,350

  Retail

  $3,489,427

Location Insight

City

Savannah

County

Hardin

State

Tennessee

Latitude

35.2065

Longitude

-88.2398

Property Tax & Assessments

FAQs

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