Property profile

312 Grv St Loudon, TN 37774

OFF-MARKET
Retail space
Property ID
US80-0694284
2,142 SF 0.18 ac lot Built 1925
Individually Owned 1-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Consultant

Location

312 Grv St Loudon, TN 37774-1222
Loudon metro Census 60600 KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2024
Last sale
$304,000
6 recorded transactions
2024
$304,000
2010
Price N/A
2009
Price N/A
2005
$10,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-1 · Loudon, TN
Zoning description

provision shall not apply to lots located in the C-1, Central Business District. 14-306. REAR YARD ABUTS A PUBLIC STREE T. When the rear yard of a lot abuts a public street, all structures built in that rear yard shall o…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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