Property profile

215 Lenoir City Tn Lenoir City, TN 37771

OFF-MARKET
Retail properties & Spaces
8,000 SF Built 1970
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1970
Total area 8,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

215 Lenoir City Tn Lenoir City, TN 37771
Lenoir City metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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