Commercial Land with Road
8390 N Lee Highway Charleston, TN 37310
For Sale
$375,000
COMMERCIAL - Charleston, TN
Property Size2,580 SF
Lot Size1.90 Acres
Price / SF$145.35
Days on Market463
Property Features for 8390 N Lee Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking
6
Standard status
Active
APN
016 04100 000
Size
2,580 SF
Lot size
1.90 Acres
Taxes and HOA fees
Tax Annual Amount
742
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Wood, Wood Stove
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1939
Flooring type
Concrete, Hardwood
Building materials
Stucco, Wood Siding
Roof type
Shingle
Listing Agency:
Realty One Group Experts - Cleveland
(423) 541-0100
Listed By:
Lori McKay · License #323630
(423) 650-0628
Added: Apr 23, 2025
Changed: Jul 11
Last Checked: Jul 29 at 7:06AM
MLS# 20251881
Copyright © 2026 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale commercial property at 8390 N Lee Highway consists of approximately 1.9 acres with 210 feet of road frontage. The site is currently on septic. Public remarks indicate that Calhoun/Charleston Utilities and TDOT will approve City Sewer with an approved site plan, and that city sewer is located about 200–300 feet across the street.
The property is described as being right off the I-75 Charleston exit in a high-traffic area for Interstate travelers. It was previously used as a wood shop and includes a small apartment on top, though it is not accessible due to damage to the stairs. The sale is being offered “as is.”
A mobile home is also on the property and is currently occupied.
The property is described as being right off the I-75 Charleston exit in a high-traffic area for Interstate travelers. It was previously used as a wood shop and includes a small apartment on top, though it is not accessible due to damage to the stairs. The sale is being offered “as is.”
A mobile home is also on the property and is currently occupied.
Key Highlights
- 1.90‑acre commercial property with 210 ft of road frontage right off the I‑75 Charleston exit
- City sewer potential: Calhoun/Charleston Utilities and TDOT will approve connection with an approved site plan; sewer is 200–300 ft across the street
- Currently served by septic tank with public water available
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.2k | $14.40 |
| − Vacancy | −$2.4k | −$0.94 |
| EGI | $34.7k | $13.46 |
| − OpEx | −$8.7k | −$3.37 |
| NOI | $26.1k | $10.10 |
2,580 SF · lease $14.40/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$372.2K
$325.7K – $434.2K
NOI $26,053 @ 7.0% cap · market cap 6.95%
Second Best
Retail
$348.3K
$304.8K – $406.4K
NOI $24,381 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$541.4K
$473.7K – $631.6K
NOI $37,895 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Gas station - Commercial-zoned parcel in a high-traffic travel area, currently served by septic and positioned with substantial road frontage.
Where is this gas station located?
The property is located at 8390 N Lee Highway Charleston, TN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1.90‑acre commercial property with 210 ft of road frontage right off the I‑75 Charleston exit; City sewer potential: Calhoun/Charleston Utilities and TDOT will approve connection with an approved site plan; sewer is 200–300 ft across the street; Currently served by septic tank with public water available
