Technical
Financial
Distress signals
Property profile

345 Elk Ave Elizabethton, TN 37643

OFF-MARKET
Commercial land
Property ID
US80-1620914
7,747 SF 0.55 ac lot Built 1946
Individually Owned 36-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 0.55-acre commercial land parcel presents a remarkable investment opportunity in Elizabethton, Tennessee. Located at 345 W Elk Ave, this property boasts a highly visible location on a recently expanded five-lane highway, ensuring tremendous traffic volume. The site is conveniently located just up the street from established businesses like Pal's Restaurant and Advance Financial, guaranteeing high visibility and accessibility. The property is zoned B2 Arterial Bus. District, making it ideal for a variety of commercial uses, including fast-food restaurants or high-traffic retail establishments. The lot is level and ready for development, with public utilities readily available. While the State of Tennessee holds a one-year remaining construction easement related to the highway expansion, this presents a unique opportunity to plan and begin engineering drawings for your new business venture before the easement expires. The property's APN is 041B-K-026.00. This is a rare opportunity to secure a prime commercial location in a thriving area

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1946
Total area 7,747 SF
Lot 0.55 ac (23,958 SF)
APN 010041B K 02600
UPID US80-1620914

Cap rate & NOI

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

Location

345 Elk Ave Elizabethton, TN 37643-2613
Elizabethton metro Census 70100 JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 1990
1 recorded transaction
1990
$80,000

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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