Versatile Commercial Investment
307 S Depot St, Rogersville, TN 37857
22,900 SF mixed-use property with multiple income streams.
Property size:
22,900 SFLot size:
0.55 AcresPrice / SF:
$39/SF- Added:
- Apr 20, 2026
- Days on Market:
- 39
- Last Refresh:
- May 25 at 4:12 pm
Property Features for 307 S Depot St
General Information
- Standard status
- Active
- Size
- 22,900 SF
- Lot size
- 0.55 Acres
Listing agent Ed Mahaffey License #355986 (423) 430-4215
Listing office TCI Group - Jerry Petzoldt Agency, LLC (423) 430-4215
Listing date Apr 20, 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 TCI Group - Jerry Petzoldt Agency, LLC
HighLights
- High CAP rate opportunity with a current net income of $91,838 annually.
- Value‑add opportunity with approximately 30% vacancy, allowing for increased income and returns.
- Multiple income streams from 15 units with a mix of long‑term tenants, including a daycare, thrift store, and church.
- Includes an adjacent 0.55‑acre parcel with frontage on S. Rogers St., suitable for additional parking, storage, or development.
- Recent capital improvements, including a new roof and multiple new HVAC systems, reducing near‑term maintenance costs.
- Over 22,000 square feet of versatile space with many renovated or built‑out units.
Overview
This commercial property offers over 22,000 square feet of versatile space with multiple income streams and significant upside potential. The property is comprised of 15 units, many of which have been renovated or built out, and features numerous long-term tenants already in place, providing immediate, stable cash flow. Currently generating approximately $7,653 per month, with three vacant units advertised for rent, the property presents a strong value-add opportunity with roughly 30% vacancy remaining. The current net income stands at $91,838 annually. The building is partially owner-occupied by a church utilizing three separate areas, including a newly renovated reception hall. Additional on-site tenants include a daycare and a thrift store, further diversifying income streams. In total, there are eight established tenants and three vacant units ready for lease-up. Recent capital improvements include a new roof and multiple brand-new HVAC systems. An added bonus is the included adjacent parcel (100L H 021.00), a 0.55-acre lot with frontage on S. Rogers St., offering potential for additional parking, storage units, or future development. This property is ideal for an investor seeking steady income with room to grow, or for a religious organization looking to expand into a multi-use facility.
Location Intelligence
Current Use by Public Records
GVM Child Care ...
Daycare Center
Greater Vision Ministries
Church
Renfro B Baird ...
Law Firm
Southland Business Services, ...
Accounting Firm
Riner Solutions
Big Box & Wholesale Store
Location Insight
- Map
- Local Demand
- City
- Rogersville
- County
- Hawkins
- State
- Tennessee
- Longitude
- -83.00606
- Latitude
- 36.404655
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - 22,900 SF mixed-use property with multiple income streams.
Where is this mixed-use property located?
The property is located at 307 S Depot St Rogersville, TN.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: High CAP rate opportunity with a current net income of $91,838 annually.; Value‑add opportunity with approximately 30% vacancy, allowing for increased income and returns.; Multiple income streams from 15 units with a mix of long‑term tenants, including a daycare, thrift store, and church.
