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    5119 Highway 11 Calhoun, TN 37309

    For Sale
    $895,000

    Highway 11 Commercial Building - $895,000

    Property size:
    3,910 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional commercial property, located at 5119 Highway 11 S in Calhoun, Tennessee, presents a unique investment opportunity. The 3,910 square foot building sits on a 1.09-acre lot and offers high visibility due to its prime Highway 11 location. Previously a Hardee's restaurant, the building retains some existing kitchen equipment and fixtures, making it ideal for a food service business. However, its adaptable layout allows for a variety of commercial uses, including retail or office space. The property benefits from its position in a growing area, offering easy access to nearby towns like Charleston, and major routes connecting to Cleveland, Athens, and Chattanooga. This translates to a strong potential customer base drawn from both local residents and travelers. The supportive local economy further enhances the property's appeal. The combination of size, location, and existing infrastructure makes this a compelling opportunity for entrepreneurs and investors seeking a foothold in a thriving Tennessee market. The asking price is $895,000.

    Property Features for 5119 Highway 11

    General Information

    Property type
    Retail properties
    Square Feet
    3,910 SF
    Lot Size
    47,480 SF

    Building Details

    Year Built
    1989
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Pharmacy Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Calhoun
    County
    McMinn
    State
    Tennessee
    Longitude
    -84.7518
    Latitude
    35.29762

    Nearby Comparable

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      Calhoun, TN Land For Sale

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      Charleston, TN Commercial Property

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    Nearby Similar for Sale

    • $429,000
      1,692 SF

      Unique Commercial Property with Shooting Range

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    FAQs

    What type of property is this?
    Retail property - Highway 11 Commercial Building - $895,000
    Where is this retail property located?
    The property is located at 5119 Highway 11 Calhoun, TN.
    What is the asking price?
    The asking price for this property is $895,000.
    (423) 472-2173
    Request Owner's contact information
    5119 Highway 11 Calhoun, TN 37309
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    Calhoun, TN 37309
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5119 Highway 11 Calhoun, TN 37309
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