3319 Cosby Hwy Cosby, TN 37722-2839
- Warehouses
- 7,290 SF
- 2.64 lot acres
Current Use by Public Records
- Warehouses
Property Details for 3319 Cosby Hwy
- Year built
- 1967
- Construction
- WOOD
- Lot size
- 2.64 lot acres
- Property size
- 7,290 SF
- Property type
- Warehouses
- APN
- 015102 02707
- APU
- 1510202707
Description
This 7,290-square-foot industrial warehouse, built in 1967 and renovated in 2024, sits on a 2.6-acre lot in Cosby, TN (37722), at 3319 Cosby Hwy. The single-story Class C building features three loading docks, a 12-foot ceiling height, and ample parking for over 20 vehicles, including RV and standard carports. Inside, you'll find 400-amp, 240-volt electrical power, a commercial air compressor piped throughout, air-conditioned office space, and a full bathroom with shower plus a half bath. Recent upgrades include a new roof and conversion of an adjacent area into climate-controlled storage. The property is strategically located on high-traffic Hwy 321, directly across from Cosby High School and Cosby Elementary, offering excellent visibility and accessibility. Importantly, this property remained unaffected by recent flooding in Cocke County, providing a secure investment. Priced at $399,000 ($54.73/sq ft), it also offers a lease option at $3,000 per month NNN, making it ideal for owner-users or investors seeking diverse income streams. The unzoned land presents opportunities for expansion or additional development, such as RV, boat, or vehicle storage. The versatile layout is suitable for various uses, including manufacturing, distribution, warehousing, retail, or service businesses. This property offers immediate occupancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $365,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $265,000
- 6.5%
- $285,000
- 7%
- $290,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $335,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $280,000
- Retail
- $275,000
- Mixed-Use
- $315,000
- Hospitality
- $315,000
- Educational
- $280,000
- Residential Income
- $310,000
- Energy
- $305,000
- Income-Based Land
- $285,000
- Food Service
- $265,000
Location Insight
- Map
- Local Demand
- City
- Cosby
- County
- Cocke
- State
- Tennessee
- Longitude
- -83.2261
- Latitude
- 35.8433
- CBSA code
- 35460
- CBSA name
- NEWPORT, TN MICROPOLITAN STATISTICAL AREA