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    345 Elk Ave Elizabethton, TN 37643

    For Sale
    $400,000

    0.55-acre lot, high traffic, B2 zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    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 Features for 345 Elk Ave

    General Information

    Property type
    Land
    Lot Size
    23,958 SF

    HighLights

    • 0.55‑acre commercial lot in Elizabethton, TN, at 345 W Elk Ave.
    • High‑traffic location on a recently expanded five‑lane highway.
    • Level, ready‑to‑develop site with available utilities.
    • Excellent visibility, near Pal's Restaurant and Advance Financial.
    • B2 Arterial Bus. District zoning; ideal for fast food or high‑traffic retail.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabethton
    County
    Carter
    State
    Tennessee
    Longitude
    -82.2301028
    Latitude
    36.3517483

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    FAQs

    What type of property is this?
    Land - 0.55-acre lot, high traffic, B2 zoning
    Where is this land located?
    The property is located at 345 Elk Ave Elizabethton, TN.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: 0.55-acre commercial lot in Elizabethton, TN, at 345 W Elk Ave.; High-traffic location on a recently expanded five-lane highway.; Level, ready-to-develop site with available utilities.
    (423) 913-3070
    Request Owner's contact information
    345 Elk Ave Elizabethton, TN 37643
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    Elizabethton, TN 37643
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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
    345 Elk Ave Elizabethton, TN 37643
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