0 Main St, Rogersville, TN 37857
This exceptional 24.69-acre commercial property presents a unique development opportunity in historic Rogersville, Tennessee. Located on East Main Street, this parcel offers a blend of buildable land and wooded hillside. Approximately 17 to 18 acres are gently sloping and suitable for a variety of commercial uses or residential development. The property includes 8.69 acres within the city limits, with the remaining acreage in the county, but easily annexed if desired. All utilities, including sewer, are readily available. Currently, there are rental houses situated on the property, adding potential income streams. The land is zoned B-3, allowing for diverse commercial ventures. The asking price is $1,500,000, translating to $60,753 per acre. This represents a compelling investment opportunity given the property's size, location, and development potential within a thriving community. The property's strategic location and versatile zoning make it an attractive prospect for developers seeking a significant land acquisition in a desirable Tennessee market. The existing rental houses provide immediate return on investment while offering flexibility for future development plans.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.