240 Hannah Rd Harriman, TN 37748-5851
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.
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Cathy Abston Physician
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Nickola Jefferson Pediatrician Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.