0 Old Midtown Hwy Harriman, TN 37748
This exceptional 4.09-acre commercial property in Harriman, Tennessee, presents a compelling investment opportunity. Located in the rapidly growing Midtown area, it boasts a prime location near Roane Medical Center, offering unparalleled visibility and accessibility. Zoned C-2, this versatile land allows for a wide range of commercial, industrial, and even residential uses. The property features over 900 feet of road frontage on two sides, ensuring easy access for businesses and residents alike. With a daily traffic count exceeding 11,000 vehicles (TDOT 2021 data), this site is ideal for service-based businesses, restaurants, and other high-traffic ventures. Its proximity to the medical center also makes it attractive for residential development, catering to hospital staff and service industry professionals. The land itself is mostly level, gently sloping towards Sycamore Drive, and well-drained. Currently pasture land, it's been regularly maintained. Conveniently situated near a Kroger, Lowe's, and Farmers Co-Op, this property offers exceptional potential within an Opportunity Zone, providing significant tax advantages. The APN is 073046K A 00700. The asking price is $800,000, with a price per acre of $195,000. Ownership is fee simple.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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