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Property profile & analytics
OFF-MARKET Estimated value $810,000
Assisted living facilities

240 Hannah Rd Harriman, TN 37748-5851

60,765 SF 4.63 ac lot Built 1972
Entity Owned 1-yr Hold Free & Clear
Property ID
US80-0892927
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1972
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 60,765 SF
Lot 4.63 ac (201,683 SF)
APN 073018 00202
UPID US80-0892927
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
  • Cathy Abston Physician
  • Nickola Jefferson Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.00M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$810k
Owner & transaction history
240 Hannah Rd LLC · 1 yrs held
240 Hannah Rd LLC
since 2025
Last sale
$800,000
6 recorded transactions
2025
$661,500
2021
$800,000
2016
$15.6M
2005
Price N/A
2004
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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