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    141 Odd Fellows Cemetery Rd Rockwood, TN 37854

    For Sale
    $250,000

    Historic school complex, redevelopment potential.

    Property size:
    9,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2.33-acre property in Rockwood, Tennessee, presents a rare redevelopment opportunity. The site encompasses two solid brick buildings totaling approximately 14,000 square feet, offering significant potential for various uses. Currently vacant with utilities disconnected, the property features a fenced lot with two entrances and a circular driveway. The existing structures, with their untouched dimensions, could be repurposed into a multifamily complex, potentially accommodating up to 20 units, or adapted for other commercial ventures. Alternative uses could include a gym, daycare center, charter school, nursing facility, or self-storage facility. This Class D, single-story building is listed at $250,000 and presents a unique chance to acquire a substantial property with considerable upside. The property's history as a school complex adds to its character and appeal. Further information regarding zoning and permitted uses can be obtained from Rockwood City Planning. Bring all offers. APN: 055G A 001.01.

    Property Features for 141 Odd Fellows Cemetery Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    9,000 SF
    Class
    D
    Lot Size
    101,495 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • 2.33‑acre redevelopment opportunity in Rockwood, TN.
    • Two existing brick buildings totaling 14,000 square feet.
    • Currently vacant, fenced lot with two entrances and circular driveway.
    • Potential for multifamily (up to 20 units) or other commercial uses.
    • Listed at $250,000.
    • APN: 055G A 001.01.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dormitories

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockwood
    County
    Roane
    State
    Tennessee
    Longitude
    -84.665488543384
    Latitude
    35.8686718614

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    FAQs

    What type of property is this?
    Multifamily property - Historic school complex, redevelopment potential.
    Where is this multifamily property located?
    The property is located at 141 Odd Fellows Cemetery Rd Rockwood, TN.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 2.33-acre redevelopment opportunity in Rockwood, TN.; Two existing brick buildings totaling 14,000 square feet.; Currently vacant, fenced lot with two entrances and circular driveway.
    Request Owner's contact information
    141 Odd Fellows Cemetery Rd Rockwood, TN 37854
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    Rockwood, TN 37854
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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
    141 Odd Fellows Cemetery Rd Rockwood, TN 37854
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