3915 Unicoi Dr Unicoi, TN 37692-6849
This 0.23-acre commercial property at 3915 Unicoi Drive, Unicoi, TN 37692, presents a compelling investment opportunity. Currently configured as a retail space with two apartments (one occupied, one vacant but with flooring purchased), this versatile building offers multiple income streams. The main-level retail area boasts high visibility and foot traffic, while the upstairs apartments provide immediate and potential rental income. A substantial basement offers significant storage or the possibility of additional lease income to a tradesperson or similar. The property's layout allows for significant expansion and reconfiguration. The vacant apartment is ready for customization, and the entire building could be renovated to create several more apartments, maximizing rental income. Its location in a growing area with convenient access to major routes ensures strong tenant appeal and customer accessibility. This property is ideal for investors seeking to diversify their portfolio or entrepreneurs looking to establish a thriving business. The asking price is $265,000.
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
Similar Nearby for Lease
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.