112 Springview Rd Maryville, TN 37801-9118
- Warehouses
- 3,200 SF
Jun 15, 2023
Current Use by Public Records
- Warehouses
Property Details for 112 Springview Rd
- Year built
- 2002
- Construction
- FRAME
- Property size
- 3,200 SF
- Zone code
- R-1
- Property type
- Warehouses
- APN
- 005089 10900 001
- APU
- 508910900001
Description
This exceptional Maryville, Tennessee property offers a unique blend of office and warehouse space, ideal for an owner-user seeking a versatile and strategically located business headquarters. Priced at $799,000, this 7,516 square foot complex sits on a generous 2.6-acre lot, providing ample room for expansion and future growth. The main office building, a beautifully converted home, boasts 3,836 square feet of meticulously maintained space. The upper level features two executive offices, a large open workspace, a central area perfect for additional desks or order fulfillment, two restrooms, a full kitchen, and ample storage. The lower level, accessible via a separate entrance and driveway, offers 1,470 square feet with a kitchen, two bedrooms, and one bathroom – easily adaptable for additional office space or rental income. New windows throughout enhance natural light and energy efficiency. A substantial 3,200 square foot warehouse, complete with 3-phase electric, a fixed gantry crane, four 10-foot doors, a 12-foot peak, heating, cooling, and a bathroom, offers significant storage and operational capabilities. Expansion potential exists with the addition of two more warehouse bays. A separate garage provides additional vehicle or storage space. The property features a convenient pull-through driveway accommodating semi-trucks, a large parking lot, and high-privacy fencing for enhanced security. Boasting 262 feet of road frontage on Highway 411 South (a four-lane highway with high traffic counts) and 502 feet on North Springview Road, this corner lot offers exceptional visibility and accessibility. Three meters service the property. Located just 3.9 miles from the city limits, this property avoids city property taxes, with current annual property taxes at $2,400. The zoning is RAC, and there's potential for additional acreage acquisition. This is a rare opportunity to combine prime office space, substantial warehouse capacity, and residential potential in a highly desirable location. Owner financing is available. An appraisal valued the property significantly higher, indicating immediate equity.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $235,000
- ML approach
- $275,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $280,000
- 6.5%
- $255,000
- 7%
- $240,000
-
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $205,000 Current use
- AUTO REPAIR, GARAGE
- $375,000 Change: +81% Conversion: Easy
- RETAIL STORES
- $290,000 Change: +40% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Maryville
- County
- Blount
- State
- Tennessee
- Longitude
- -84.0764
- Latitude
- 35.6791
- CBSA code
- 28940
- CBSA name
- KNOXVILLE, TN METROPOLITAN STATISTICAL AREA