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    1238 Main Ave Erwin, TN 37650

    Sponsored
    For Lease
    $6 SF/Yr

    Prime Erwin retail/office space available

    Lot size:
    80,561 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Erwin, Tennessee property, located at 1238 N Main Ave, offers 80,561 square feet of retail, office, and restaurant space within a thriving shopping center. The single-story, 1979-built building sits on a 7.56-acre lot (329,321 square feet) and features two immediately available suites: an 8,450-square-foot space (formerly an apparel store) and a 7,000-square-foot space (formerly a Rite Aid). Both are available for lease at a rate of $6.50 per square foot, with a triple net (NNN) rate of $1.27 per square foot. The property boasts excellent visibility and accessibility from North Main Street, ample parking with convenient door-front spaces, and a strong tenant mix including Tractor Supply, AutoZone, Dollar General, H&R Block, Subway, Rocky's Pizza, Sister & Shears, and Dan Manuel Mexican Restaurant. The property's APN is 086023D G 03800. Currently, 15,450 square feet of the building is vacant. Start-up businesses should submit a business plan and financial documentation for consideration. This location presents a unique opportunity for a variety of businesses, including but not limited to outdoor gear, specialty retail, service businesses, medical supplies, financial offices, tobacco or vape shops, vintage or home décor, clinics, or rehabilitation centers. The property's diverse tenant base and high-traffic location make it an ideal investment opportunity.

    Property Features for 1238 Main Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    80,561 SF
    Total Rate
    43637.21

    Building Details

    Year Built
    1979
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 8
    Size
    8,450 SF
    Rate per SF
    $6
    Space
    Suite 9
    Size
    7,000 SF
    Rate per SF
    $6

    HighLights

    • 80,561 SF retail, office, & restaurant space in Erwin, TN shopping center.
    • Two available suites: 8,450 SF & 7,000 SF, leasing at $6.50/SF NNN ($1.27/SF CAM).
    • 7.56‑acre lot (329,321 SF), 15,450 SF currently vacant.
    • High‑traffic location with excellent visibility on N Main Ave; ample parking.
    • Strong tenant mix including Tractor Supply, AutoZone, & Dollar General.
    Property Profile Location Intelligence

    Current Use by Public Records

    Don Manuel Mexican ... Mexican Restaurant

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Erwin
    County
    Unicoi
    State
    Tennessee
    Longitude
    -82.3989087
    Latitude
    36.1587474

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    Nearby Similar for Lease

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      Downtown Erwin Commercial Space Available

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      Retail Space in Village Center

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Erwin retail/office space available
    Where is this neighborhood center located?
    The property is located at 1238 Main Ave Erwin, TN.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 80,561 SF retail, office, & restaurant space in Erwin, TN shopping center.; Two available suites: 8,450 SF & 7,000 SF, leasing at $6.50/SF NNN ($1.27/SF CAM).; 7.56-acre lot (329,321 SF), 15,450 SF currently vacant.
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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
    1238 Main Ave Erwin, TN 37650
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