8140 Rutledge PikeRutledge, TN 37861

Property Details for 8140 Rutledge Pike

Year built

1926

Construction

WOOD

Lot size

36.00 AC

Property size (Sq ft)

3,340 SF

Property type

Retail properties

Property subtype

Retail space

APN

029049O C 00900

APU

029049OC00900

Description

This exceptional 3,280 square foot storefront, located at 8140 Rutledge Pike in Rutledge, Tennessee, presents a remarkable investment opportunity. Situated on a 0.178-acre lot in the heart of town, this two-story building boasts excellent visibility and convenient access. Completely renovated in 2016, the property offers a single unit with ample space for a variety of retail uses, including salons, restaurants, bakeries, or offices. The asking price is $175,000, translating to a price per square foot of $53.35. The property includes five parking spaces for customers and employees. This is a turnkey operation ready for immediate occupancy, offering a strong return on investment in a thriving community. The property's prime location and recent renovations make it an ideal choice for entrepreneurs seeking a well-established retail space in a desirable Tennessee town. With its attractive price point and versatile layout, this storefront represents a rare opportunity to own a piece of Rutledge's vibrant commercial landscape. The zip code is 37861, and the property is located in Grainger County.

• CAP approach

  CAP return

  Valuation

  6%

  $1,256,088

  6.5%

  $1,159,465

  7%

  $1,076,646

• Comparable approach

  Method

  Valuation

  Relative Method

  $692,955

  Geo Method

  $692,955

• Alternative Use

  Use

  Valuation

  Residential

  $978,052

  Hospitality

  $895,891

  Educational

  $745,371

  Medical

  $771,005

  Retail

  $1,159,465

Location Insight

City

Rutledge

County

Grainger

State

Tennessee

Latitude

36.2805

Longitude

-83.5139

CBSA code

34100

CBSA name

MORRISTOWN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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