Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    675 New Highway 68 Sweetwater, TN 37874

    Sponsored
    For Sale
    $750,000

    High-traffic location, 100% occupied. Great investment!

    Property size:
    5,184 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional commercial property, located at 675 New Hwy 68 in Sweetwater, Tennessee, presents a compelling investment opportunity. The single-story, 5,184 square foot building sits on a half-acre lot and boasts a Class A rating. Currently housing five tenants with a 100% occupancy rate, the property generates a strong net operating income (NOI) of $57,290, resulting in a 7.64% cap rate. The building features five individual suites, ranging in size from 648 to 2,592 square feet. Suite A, the largest, offers 2,592 square feet with road frontage and is currently configured with two conference rooms, nine private offices, a break room, and a reception area. The remaining suites are similarly well-appointed, with several featuring offices, reception areas, kitchenettes, and bathrooms. One suite is currently unfinished and offers a roll-up door, ideal for storage or potential conversion. The property is zoned for commercial use and benefits from its location on a busy highway, just three miles from an interstate, providing excellent visibility and accessibility. The building was constructed in 1998 and is currently operating under a gross lease structure. This property is ideally suited for a variety of uses, including its current configuration, or potential conversion to a medical office or retail space. The strong tenant base and high occupancy rate make this a low-risk, high-reward investment opportunity in a growing area.

    Property Features for 675 New Highway 68

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    5,184 SF
    Class
    A
    Lot Size
    21,780 SF

    Building Details

    Year Built
    1998
    Buildings
    1
    Stories
    1
    Units
    5

    HighLights

    • 2,592 SF Suite A, road frontage, 2 conference rooms, 9 private offices, break room, reception area; month‑to‑month tenant.
    • 648 SF Suite B, 2 offices, reception area, kitchenette, bathroom; month‑to‑month tenant (15+ years).
    • 648 SF Suite C, 2 offices, reception area, kitchenette, bathroom; 1‑year lease.
    • 648 SF Suite D, large open area, bathroom; month‑to‑month tenant (15+ years).
    • 648 SF Suite E, unfinished, roll‑up door; vacant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wendell Shrock / Realtor ... Real Estate Agent CENTURY 21 Howe ... Real Estate Agency Jessica Watson CENTURY ... Real Estate Agent George Gray: Allstate ... Insurance Agency Valley Auction Services ... Real Estate Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sweetwater
    County
    Monroe
    State
    Tennessee
    Longitude
    -84.484963095804
    Latitude
    35.594960363265

    Nearby Similar for Sale

    • New
      $849,000
      3,270 SF

      Sweetwater Commercial Property with Parking

      Versatile commercial property with a modern building and ample parking.
      1391 Murrays Chapel Rd, Sweetwater, TN 37874
      View Details
    • $220,000
      1.83 Acres

      Sweetwater Mixed-Use Potential

      Mixed-use property with income potential in Sweetwater, Tennessee.
      2260 Highway 11 S, Sweetwater, TN 37874
      View Details
    • $650,000

      Versatile Commercial Property with Warehouses

      Four buildings suitable for office, automotive, and warehouse use.
      122 Industrial Park Rd, Sweetwater, TN 37874
      View Details
    • $2,545,454
      2,243 SF

      New Wendy's Restaurant For Sale

      New construction Wendy's with drive-thru in Sweetwater, Tennessee.
      903 New Highway 68, Sweetwater, TN 37874
      View Details
    • $2,978,000
      9,506 SF

      Freestanding NNN Leased Investment Property

      NNN leased investment property with a strong corporate tenant.
      783 New Highway 68, Sweetwater, TN 37874
      View Details
    • $500,000

      Sweetwater Retail Opportunity For Sale

      Retail property in historic Sweetwater with development potential.
      409 Sweetwater Vonore Rd, Sweetwater, TN 37874
      View Details
    • $399,900
      4,300 SF

      Sweetwater Commercial Building For Sale

      4,300 SF commercial building in Sweetwater, Tennessee.
      1320 N Main St, Sweetwater, TN 37874
      View Details
    • $750,000
      7,300 SF

      Downtown Sweetwater Investment Opportunity

      Retail property in growing downtown Sweetwater, fully leased.
      412-414 Sweetwater Vonore Rd, Sweetwater, TN 37874
      View Details
    • $799,900
      3,290 SF

      Recently Constructed Commercial Space For Sale

      Commercial space near I-75 with high traffic volume.
      1391 Murrays Chapel Rd, Sweetwater, TN 37874
      View Details
    • $700,000
      6,000 SF

      Retail Property on Main Road

      Retail space with high visibility on a busy main road.
      760 New Highway 68, Sweetwater, TN 37874
      View Details
    • $495,000
      0.74 Acres

      Sweetwater Mixed-Use Commercial Property

      Prime Corner Lot, High Potential, M-2 Zoning
      314 Sweetwater Vonore Rd Rd, Sweetwater, TN 37874
      View Details
    • $149,900
      1,980 SF

      Sweetwater Tavern - Turnkey Opportunity

      Established Country Tavern, High Traffic Location
      1203 Old Highway 68, Sweetwater, TN 37874
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - High-traffic location, 100% occupied. Great investment!
    Where is this office property / space located?
    The property is located at 675 New Highway 68 Sweetwater, TN.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 2,592 SF Suite A, road frontage, 2 conference rooms, 9 private offices, break room, reception area; month-to-month tenant.; 648 SF Suite B, 2 offices, reception area, kitchenette, bathroom; month-to-month tenant (15+ years).; 648 SF Suite C, 2 offices, reception area, kitchenette, bathroom; 1-year lease.
    Request Owner's contact information
    675 New Highway 68 Sweetwater, TN 37874
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    675 New Highway 68
    Sweetwater, TN 37874
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    675 New Highway 68 Sweetwater, TN 37874
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.