580 Congress Pkwy Athens, TN 37303
- Office Properties & Spaces
- 10,764 SF
- 1.04 lot acres
Current Use by Public Records
- Crye-Leike, Realtors / Real Estate Agency / Real Estate Agent
- Denise Ferguson, / Real Estate Agent
- Dawn Smith Real Estate Agent / Real Estate Agent
- Heather Jaramillo- Crye-Leike, Realtors / Real Estate Agent
- Robin L Manis Realtor/Affiliate Broker Crye-Leike, Realtors / Real Estate Agent
Property Details for 580 Congress Pkwy
- Year built
- 2005
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.04 lot acres
- Property size
- 10,764 SF
- Zone code
- B-4
- Property type
- Office Properties & Spaces
- APN
- 054047 27900
- APU
- 5404727900
Description
This 1.25-acre commercial land parcel is ideally situated on South Congress Parkway in Athens, Tennessee, offering exceptional visibility and high traffic counts. The property boasts a flat, cleared lot, ready for immediate development. Its location is surrounded by established professional offices, ensuring a strong and desirable business environment. The address is 580 S. Congress Parkway, Athens, TN 37303, within McMinn County. This parcel presents a unique opportunity for businesses seeking a prominent location with excellent accessibility. An adjacent 1.20-acre parcel is also available for purchase, providing the potential for a combined 2.5-acre development site. The asking price for this 1.25-acre parcel is $408,375. This property is zoned for commercial use and presents a compelling investment opportunity in a thriving Tennessee community. The property's flat and cleared nature simplifies development, minimizing site preparation costs and accelerating project timelines. Its strategic location on a major thoroughfare ensures high visibility and easy access for customers and employees.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $415,000
- 6.5%
- $360,000
- 7%
- $370,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $315,000
- Geo Method
- $345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $405,000
- Retail
- $380,000
- Mixed-Use
- $310,000
- Hospitality
- $415,000
- Educational
- $320,000
- Residential Income
- $360,000
- Energy
- $420,000
- Income-Based Land
- $380,000
- Food Service
- $400,000
Location Insight
- Map
- Local Demand
- City
- Athens
- County
- Mcminn
- State
- Tennessee
- Longitude
- -84.6138
- Latitude
- 35.461
- CBSA code
- 11940
- CBSA name
- ATHENS, TN MICROPOLITAN STATISTICAL AREA
