1110 Elm Ave Erwin, TN 37650
- Commercial real estate
- 1.10 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1110 Elm Ave
- Lot size
- 1.10 lot acres
- Property type
- Commercial real estate
Description
This exceptional 1.1-acre commercial property in Erwin, TN, presents a remarkable investment opportunity. Located on North Elm Avenue, just off North Main Street, this prime location offers unparalleled visibility and accessibility. The property comprises two parcels, 1110 and 1120 North Elm Avenue, and currently features two existing rental homes, although these require some repairs. The large, level lots offer significant potential for expansion, with the possibility of constructing two additional homes. However, the expansive acreage is ideally suited for a variety of commercial ventures, including apartments, a small strip center, a larger commercial building, an office building, or a medical facility. This is one of the larger available lots in close proximity to Erwin's downtown area, a significant advantage given the town's rapid growth and increasing demand for additional facilities. The neighboring commercial property is currently undergoing renovations, further highlighting the area's revitalization. Utilities are readily available on-site. A plat map and further details are available upon request. This property represents a unique chance to capitalize on Erwin's booming growth and secure a prominent position in a thriving market. Serious inquiries are encouraged.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Erwin
- County
- Unicoi
- State
- Tennessee
- Longitude
- -82.41472
- Latitude
- 36.14457
