Storefront with Office Flex
2065 Clarkrange Monterey Hwy, Monterey, TN 38574
Fronting a heavily traveled route, the storefront offers flexible interior space and outdoor restrooms for small business use.
Property size:
988 SFLot size:
0.50 AcresPrice / SF:
$182/SF- Added:
- May 2, 2026
- Days on Market:
- 63
- Last Refresh:
- Jul 1 at 5:39 am
Property Features for 2065 Clarkrange Monterey Hwy
General Information
- Standard status
- Active
- Size
- 988 SF
- Lot size
- 0.50 Acres
Listing office The Realty Firm (931) 261-2008
Listing date May 2, 2026
Source Exprealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of The Realty Firm
HighLights
- Storefront on heavily traveled Hwy 62/I‑40 corridor with TDOT‑reported 4,000–5,000 vehicles AADT
- Current rent is $1,000/month
- Includes 1/2‑acre cleared lot on east side for expansion of the current building or new business
- Office and back workroom were walled off from open space (walls can be removed to create one large room)
- 5‑year‑old composite roof and 2‑year‑old gutters
- Exterior‑access restrooms plus open space with small stock room in the back corner and a porch along the front and west side
Overview
This storefront property includes an open main sales area with a small stock room in the back corner, plus an office and back workroom that were recently walled off from the open space. Those interior walls can be removed to create one larger room. The building also has a porch that extends along the front and west side, two restrooms accessed from the outside, and a small, functional layout suited to a variety of retail or service concepts. Exterior improvements reported include a composite roof installed about five years ago and gutters installed about two years ago. The property size is 988 square feet.
The site is located on a heavily traveled highway serving traffic traveling between the Cumberland Plateau region and Monterey via Highway 62, then continuing toward Cookeville and Nashville via I-40. TDOT reports between 4,000 and 5,000 vehicles annual average daily traffic. An additional empty, cleared half-acre is located on the east side of the building, which may support expansion of the existing structure or a new business on-site.
Current rent is stated as $1,000 per month, and the seller notes the opportunity is being offered for investor or owner-operator use. Buyers and their agents should verify all information. The Red Storage building does not convey, and TRF does not hold earnest money. Verification of building and site details is required as part of buyer due diligence.
The site is located on a heavily traveled highway serving traffic traveling between the Cumberland Plateau region and Monterey via Highway 62, then continuing toward Cookeville and Nashville via I-40. TDOT reports between 4,000 and 5,000 vehicles annual average daily traffic. An additional empty, cleared half-acre is located on the east side of the building, which may support expansion of the existing structure or a new business on-site.
Current rent is stated as $1,000 per month, and the seller notes the opportunity is being offered for investor or owner-operator use. Buyers and their agents should verify all information. The Red Storage building does not convey, and TRF does not hold earnest money. Verification of building and site details is required as part of buyer due diligence.
Local Financial Insights For 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 | $22.8k | $23.04 |
| − Vacancy | −$683 | −$0.69 |
| EGI | $22.1k | $22.35 |
| − OpEx | −$6.6k | −$6.70 |
| NOI | $15.5k | $15.64 |
988 SF · lease $23.04/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$220.8K
$193.2K – $257.6K
NOI $15,456 @ 7.0% cap · market cap 8.59%
Second Best
Office B
$195.1K
$170.7K – $227.6K
NOI $13,658 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$407.8K
$356.8K – $475.7K
NOI $28,544 @ 7.0% cap · market cap 15.87%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Dort's Pantry
Grocery & Convenience Store
Location Insight
- Map
- Local Demand
- City
- Monterey
- County
- Putnam
- State
- Tennessee
- Longitude
- -85.087736
- Latitude
- 36.149362
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Fronting a heavily traveled route, the storefront offers flexible interior space and outdoor restrooms for small business use.
Where is this storefront property located?
The property is located at 2065 Clarkrange Monterey Hwy Monterey, TN.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Storefront on heavily traveled Hwy 62/I‑40 corridor with TDOT‑reported 4,000–5,000 vehicles AADT; Current rent is $1,000/month; Includes 1/2‑acre cleared lot on east side for expansion of the current building or new business
