11 Rhea StSparta, TN 38583

Property Details for 11 Rhea St

Year built

1950

Lot size

0.04 AC

Property size (Sq ft)

2,076 SF

Zone code

C-C

Property type

Retail properties

Property subtype

Retail space

APN

093059B I 01400

APU

093059BI01400

Description

This newly updated and furnished 2,076 square foot commercial split-level building is located just one block from Bockman Way in downtown Sparta, offering convenient access to local amenities. Recent renovations include updated plumbing, electrical systems, windows, a commercial water heater, HVAC/split air unit, flooring, bathrooms, doors, trim, and kitchen. The rubber roof is only five years old, and a new sump pump has been installed. The property includes two bedrooms, each furnished with adjustable beds, TVs, microwaves, small refrigerators, sofas, and dressers. There are two and a half tiled bathrooms, featuring a walk-in tub, a standing shower, and a jetted bathtub. Additional features include a tiled vestibule with seating, wood flooring in the dining area with a table and chairs, a kitchen equipped with a stove and refrigerator, and a conference room with seating. A large tiled laundry room with washer/dryer and extra storage is located in the basement. The property deed grants the right to use an alley for access to the rear of the building. This move-in ready property presents numerous possibilities in a prime downtown location, situated on a 0.05-acre lot. Priced at $560,000.

• CAP approach

  CAP return

  Valuation

  6%

  $645,452

  6.5%

  $595,802

  7%

  $553,245

• Comparable approach

  Method

  Valuation

  Relative Method

  $852,162

  Geo Method

  $450,329

• Alternative Use

  Use

  Valuation

  Residential

  $502,581

  Hospitality

  $460,362

  Educational

  $383,016

  Medical

  $396,188

  Retail

  $595,802

Location Insight

City

Sparta

County

White

State

Tennessee

Latitude

35.9265

Longitude

-85.4643

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].