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    523 22Nd Ave Humboldt, TN 38343

    Sponsored
    For Sale
    $175,000

    Large warehouse, great location, motivated seller.

    Property size:
    60,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 60,000 square foot warehouse situated on a substantial 127,630.8 square foot lot at 523 N 22nd Avenue in Humboldt, Tennessee, zip code 38343. Built in 1930, this property boasts a prime location on a busy Humboldt street. The warehouse currently houses a long-term tenant (over 20 years) occupying the street-level portion of the building. Adding to its potential, two additional units are available for lease, presenting immediate income opportunities for a savvy investor. While the square footage is noted as 60,000, it's important to note that this will be verified by an appraiser. This property is being offered at an attractive asking price of $175,000, reflecting the motivated seller's desire for a quick sale. The seller considers this a "diamond in the rough," highlighting the significant potential for renovation and increased profitability. All provided information is believed to be accurate but is not warranted by the seller and should be independently verified. This description is for informational purposes only and is not part of any sales contract.

    Property Features for 523 22Nd Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    60,000 SF

    Building Details

    Year Built
    1930

    HighLights

    • $175,000 asking price.
    • 60,000 square foot warehouse.
    • Built in 1930.
    • 127,630.8 square foot lot.
    • Located at 523 N 22nd Avenue, Humboldt, TN 38343.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Humboldt
    County
    Gibson
    State
    Tennessee
    Longitude
    -88.907937
    Latitude
    35.8223002

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    FAQs

    What type of property is this?
    Distribution property - Large warehouse, great location, motivated seller.
    Where is this distribution property located?
    The property is located at 523 22Nd Ave Humboldt, TN.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: $175,000 asking price.; 60,000 square foot warehouse.; Built in 1930.
    Request Owner's contact information
    523 22Nd Ave Humboldt, TN 38343
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    Humboldt, TN 38343
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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
    523 22Nd Ave Humboldt, TN 38343
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