Property profile

220 Central Ave La Follette, TN 37766

OFF-MARKET
Retail space
Property ID
US80-1222057
6,153 SF 0.46 ac lot Built 1948
Individually Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 220 E Central Ave in LaFollette, TN, presents a unique investment opportunity. The two-story, 7,600 square foot concrete block building sits on a 0.46-acre lot in a high-traffic area of the city's main street. The ground floor boasts 2,000 square feet of office space, currently configured as a finance company, and is in move-in condition. This level features a large window display, ideal for showcasing products or services. Five on-street parking spaces are directly in front of the building, with additional parking available at the rear. The upper level provides 5,600 square feet of warehouse storage space, also constructed of concrete block. A loading ramp facilitates efficient loading and unloading. The warehouse requires roof repairs. The property includes 1.5 restrooms and a canopy sign. Accessibility features include handicap access. This property offers a blend of office and warehouse space, making it suitable for a variety of commercial uses. Its prime location and high traffic count ensure excellent visibility and accessibility for businesses. The asking price is $149,900.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1948
Total area 6,153 SF
Lot 0.46 ac (20,038 SF)
APN 085N A 01700
UPID US80-1222057

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Loan Service

Location

220 Central Ave La Follette, TN 37766-3677
La Follette metro Census 950702 KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$145k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$105k

Owner & transaction history

since 2025
Last sale
$145,000
1 recorded transaction
2025
$145,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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