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Property profile & analytics
OFF-MARKET Estimated value $1,125,000
Retail space

1030 Congress N Pkwy Athens, TN 37303-1707

9,240 SF 2.64 ac lot Built 2018
Entity Owned 2-yr Hold Free & Clear
Property ID
US80-3006750
Property summary
AI-generated overview

This exceptional 2.14-acre commercial land parcel presents a unique investment opportunity. Located in Athens, Tennessee, adjacent to 1030 Congress Parkway N, this fee-simple property boasts approximately 12,834 vehicles per day (VPD) on Congress Parkway, offering excellent visibility and accessibility. The property benefits from its strategic location between Chattanooga and Knoxville, along Interstate 75, a major transportation artery with over 43,000 VPD. Its proximity to established businesses like Dollar General, FedEx, and other national retailers within a dense commercial/logistics node further enhances its appeal. The property is zoned B-1, Intensive Business District, allowing for diverse uses including retail, service, restaurants, manufacturing, office space, and mini-warehouses (subject to review and approval). Strong demographics support this location, with a population of approximately 22,985 residents and an average household income of approximately $63,195 within a 5-mile radius. This property is being offered via an absolute $1 auction with no reserve, presenting a compelling opportunity for developers and investors. The auction will take place November 4-6, 2024. Detailed due diligence documents are available. This prime location, combined with the favorable zoning and high traffic counts, makes this a truly exceptional investment opportunity.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2018
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,240 SF
Lot 2.64 ac (114,998 SF)
APN 054047 14304
UPID US80-3006750
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Western Union Bank Credit Union
  • Dollar General Discount Store
  • FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.06M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.13M
Blend (final) Blend
$1.13M
Owner & transaction history
Morganna LLC · 2 yrs held
Morganna LLC
since 2023
Last sale
$1.3M
3 recorded transactions
2023
$1.5M
2022
Price N/A
2022
$1.7M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $910,000 +29.7%
Warehouse, storage $715,000 +1.9%
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