456 Main StCrossville, TN 38555

Property Details for 456 Main St

Year built

1965

Lot size

0.87 AC

Property size (Sq ft)

9,019 SF

Property type

Office properties

APN

018100K A 00700

APU

018100KA00700

Description

This exceptional 9,000 square foot office building, located at 456 North Main Street in Crossville, Tennessee (zip code 38555), presents a unique investment opportunity. Situated on a 0.87-acre lot at a signalized corner intersection near I-40 Exit 317, this property boasts excellent visibility and accessibility. The two-story building, constructed in 1965, features three suites and offers ample parking (31-75 spaces). The property is zoned commercial and has three-phase power. Previously occupied by a diverse range of professional businesses, including a law firm, title company, and mortgage company, this versatile space is suitable for various uses. The entire 9,000 square feet is currently vacant, providing a blank canvas for a new tenant. The property's location between Nashville and Knoxville, in the rapidly growing Crossville market, ensures high traffic and excellent signage opportunities. Flexible lease terms of 3-5 years are available, along with tenant build-out incentives. The property's APN is 100K A 007.00. This is a rare chance to secure a prominent commercial space in a thriving Tennessee market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,907,558

  6.5%

  $1,760,823

  7%

  $1,635,050

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,469,105

  Geo Method

  $1,759,246

• Alternative Use

  Use

  Valuation

  Residential Income

  $2,183,420

  Hospitality / Lodging

  $2,000,001

  Institutional / Educational

  $1,663,977

  Healthcare / Senior Housing

  $1,721,204

  Retail / Commercial

  $2,588,409

Location Insight

City

Crossville

County

Cumberland

State

Tennessee

Latitude

35.9542

Longitude

-85.0297

CBSA code

18900

CBSA name

CROSSVILLE, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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