15423 Rankin Ave Dunlap, TN 37327-7015
- Grocery and convenience stores
- 1,420 SF
- 0.96 lot acres
Current Use by Public Records
- Cars Complete Auto Repair Service, LLC / Auto Repair Shop
Property Details for 15423 Rankin Ave
- Year built
- 1955
- Lot size
- 0.96 lot acres
- Property size
- 1,420 SF
- Zone code
- FLOOD
- Property type
- Grocery and convenience stores
- APN
- 077048E J 00500
- APU
- 077048EJ00500
Description
This exceptional mixed-use property, located at 15423 Rankin Ave in Dunlap, Tennessee, presents a unique redevelopment opportunity. The 420-square-foot building, constructed in 1955, sits on a generous 0.94-acre lot, offering significant potential for expansion or repurposing. Priced at $699,000, this translates to $1,664.29 per square foot. The property's strategic location in the heart of the Sequatchie Valley provides excellent visibility and accessibility. Its proximity to established businesses, such as O'Reilly Auto Parts, ensures a high level of foot traffic and commercial activity. The substantial lot size allows for a variety of development options, making this an ideal investment for entrepreneurs and developers seeking a prime location in a thriving small town. The property is being offered for sale by owner and is classified as a commercial small town investment type. This is a rare chance to acquire a versatile property with significant upside potential in a desirable Tennessee community. The property consists of one building.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $130,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $100,000
- 6.5%
- $90,000
- 7%
- $95,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $100,000
- Geo Method
- $100,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $85,000
- Retail
- $100,000
- Mixed-Use
- $105,000
- Hospitality
- $110,000
- Educational
- $105,000
- Residential Income
- $80,000
- Energy
- $105,000
- Income-Based Land
- $95,000
- Food Service
- $85,000
Location Insight
- Map
- Local Demand
- City
- Dunlap
- County
- Sequatchie
- State
- Tennessee
- Longitude
- -85.3922
- Latitude
- 35.369
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA