240 Hannah Rd Harriman, TN 37748-5851
- Assisted living facilities
- 60,765 SF
- 4.63 lot acres
Current Use by Public Records
- Cathy Abston / Nurse Practitioner
- Nickola Jefferson / Family Practice Physician
Property Details for 240 Hannah Rd
- Year built
- 1972
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 4.63 lot acres
- Property size
- 60,765 SF
- Property type
- Assisted living facilities
- Property subtype
- Retirement homes
- APN
- 073018 00202
- APU
- 7301800202
Description
This exceptional vacant senior care and rehabilitation center presents a unique investment opportunity in Harriman, Tennessee. Boasting a substantial 54,899 square feet of space, this property sits on a generous 4.63-acre lot and offers ample parking with 76 designated spots. Originally constructed in 1966, the facility underwent a complete renovation in 2009, ensuring modern amenities and functionality. The unit mix comprises 14 private rooms (14 beds) and 83 semi-private rooms (166 beds), providing significant capacity. The sale includes all furniture, fixtures, and equipment, streamlining the transition for a new operator. Key operational areas are well-equipped, featuring a commercial kitchen, a commercial laundry facility, and a dedicated dining room. Administrative offices are also included. The property is located at 240 Hannah Rd, Harriman, TN 37748, and is offered at an asking price of $2,495,000, translating to $45.45 per square foot. This represents a compelling opportunity to acquire a well-maintained, fully equipped senior living facility ready for immediate operation or redevelopment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $835,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $865,000
- 6.5%
- $905,000
- 7%
- $875,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $705,000
- Geo Method
- $805,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $920,000
- Retail
- $955,000
- Mixed-Use
- $905,000
- Hospitality
- $975,000
- Educational
- $745,000
- Residential Income
- $830,000
- Energy
- $950,000
- Income-Based Land
- $745,000
- Food Service
- $780,000
Location Insight
- Map
- Local Demand
- City
- Harriman
- County
- Roane
- State
- Tennessee
- Longitude
- -84.5264
- Latitude
- 35.9626
- CBSA code
- 28940
- CBSA name
- KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
