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    101 Central Ave LaFollette, TN 37766

    Sponsored
    For Sale
    $979,500

    Mixed-use building, 14,916 sq ft, vacant.

    Property size:
    14,916 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 101 E Central Ave in historic downtown La Follette, Tennessee, presents a unique investment opportunity. Built in 1904, this two-story, Class C building offers a substantial 14,916 square feet of space on a 0.17-acre lot. Currently vacant, this building provides a blank canvas for a variety of uses. The main floor is ideal for retail or office space, while the upper floor features ten one-bedroom apartments and one handicap-accessible apartment on the main level. The asking price is $979,500, translating to $65.67 per square foot. The property's prime downtown location in Campbell County, zip code 37766, offers excellent visibility and accessibility. This is a chance to acquire a piece of La Follette's rich history and create a thriving business or rental income stream. The building's size and layout offer significant potential for redevelopment or adaptive reuse, catering to a wide range of commercial and residential needs. With its central location and versatile space, this property is poised for significant return on investment. The property is currently vacant, allowing for immediate customization to suit your specific vision. Don't miss this chance to own a piece of La Follette's vibrant downtown.

    Property Features for 101 Central Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    14,916 SF
    Class
    C
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1904
    Buildings
    1
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm 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
    LaFollette
    County
    Campbell
    State
    Tennessee
    Longitude
    -84.1225682
    Latitude
    36.3809992

    Nearby Comparable

    • $775,000
      14,916 SF

      Mixed-Use Building in Downtown LaFollette

      Mixed-use building with retail space and apartments in LaFollette.
      101 E Central Ave, La Follette, TN 37766
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    • $149,900
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      LaFollette Commercial Building - Main Street

      Prime Location, High Traffic, Warehouse Included
      220 Central Ave, LaFollette, TN 37766
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    • $460,000
      7,000 SF

      7,000 SF Steel Building

      7,000 SF steel building divided into two tenant spaces.
      207 W Central Ave, La Follette, TN 37766
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    • $138,500
      24.44 Acres

      Unrestricted Land with Mountain Views

      24+ acres near ATV trails, ideal for building.
      Doc Holw Off Lowes Br Rd, La Follette, TN 37766
      View Details

    Nearby Similar for Sale

    • $149,900
      7,600 SF

      LaFollette Commercial Building - Main Street

      Prime Location, High Traffic, Warehouse Included
      220 Central Ave, LaFollette, TN 37766
      View Details
    • $3,000,000
      40,152 SF

      LaFollette Multi-Use Complex

      Versatile 40,000 SF Industrial Property
      1830 Old Jacksboro Hwy, LaFollette, TN 37766
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building, 14,916 sq ft, vacant.
    Where is this mixed-use property located?
    The property is located at 101 Central Ave LaFollette, TN.
    What is the asking price?
    The asking price for this property is $979,500.
    Request Owner's contact information
    101 Central Ave LaFollette, TN 37766
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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
    101 Central Ave LaFollette, TN 37766
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