215 Lenoir City Tn Lenoir City, TN 37771
This exceptional 8,000-square-foot retail storefront, located at 215 E Broadway St in Lenoir City, Tennessee, presents a significant investment opportunity. Built in 1970, this prominent blue building boasts a strong presence on Broadway, situated conveniently beside the Lenoir City Post Office. The property features a substantial first floor and a second floor, both included in the total square footage. The building sits on a 6,970-square-foot lot and is zoned C-2. While the previous tenant, Lanham Furniture & Appliances, recently closed after 64 years, this high-visibility location offers immense potential for a variety of retail businesses. The property's size and location make it an ideal candidate for redevelopment or continued use as a retail space. Note that the square footage and lot size should be independently verified by the buyer. An adjacent 5,000-square-foot space is also available for purchase separately. The property is easily accessible, just off I-75 Exit 81, offering excellent visibility and convenient access for customers. The asking price for this remarkable property is $800,000. The APN is 020K H 022.
Cap rate
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Property description
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