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    OFF-MARKET
    Retail space

    312 Grv St, Loudon, TN 37774-1222

    2,142 SF 0.18 ac lot Built 1925
    Individually Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US80-0694284
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents two executive office suites totaling 1,810 square feet, situated on a 0.42-acre lot in the heart of historic downtown Loudon, Tennessee. The property, located at 312 Grove St, Loudon, TN 37774, includes two well-maintained suites, each featuring approximately 900 square feet of space, a back storage room, and a bathroom. Built in 1925 and renovated in 1982, the single-story building sits on a lot that also encompasses an additional 0.24 acres of vacant land, ideal for employee or customer parking. The property is zoned C-1, offering flexibility for continued office use or conversion to retail space. The combined annual property taxes for both parcels are $1,647. This property benefits from its proximity to other thriving businesses such as The Shoppes on the Square, Angie's Kitchen, Greer's Home Furnishings, Serendipity Boutique, and Sons of Smoke BBQ. Floor plans are available. The asking price is $359,000, translating to $198.34 per square foot. Currently occupied, please do not disturb tenants. This is a rare opportunity to acquire a versatile property in a desirable downtown location with significant potential for growth and return on investment.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1925
    Total area 2,142 SF
    Lot 0.18 ac (7,841 SF)
    Zoning code C-1
    APN 053041B A 00200
    UPID US80-0694284
    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
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    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Eric Gene Fast · 1 yrs held
    Eric Gene Fast
    since 2024
    Last sale
    $304,000
    6 recorded transactions
    2024
    $304,000
    2010
    2009
    2005
    $10,000
    1969
    1969
    Zoning & alternative use
    C-1 · Loudon, TN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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