401 Devonia St Harriman, TN 37748-2010
This 7,208-square-foot commercial building, located at 401 Devonia St in the heart of Harriman, Tennessee (zip code 37748), presents a unique investment opportunity. Built in 1962, this Class C property sits on a 9,583-square-foot lot and is priced at $325,000. The building's versatile layout offers a multitude of possibilities, previously housing medical offices, a tanning salon, and other professional services. The spacious interior features two large reception areas, numerous offices spread across two floors (approximately 3,500 square feet downstairs and 3,700 square feet upstairs), and multiple entrances, ideal for multi-tenant occupancy. The property's adaptability extends to potential conversion into residential housing, catering to the community's needs. Harriman's demographics, with a median household income of $51,406, a population of 16,846, and a median age of 46.1, suggest a stable market. The building's size and location in downtown Harriman make it an attractive prospect for various businesses or redevelopment projects. The property is zoned for mixed-use, including hospitality, office, and retail uses. This presents a rare chance to acquire a substantial property in a thriving Tennessee town. Broker co-op is available.
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Lanita Gann 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
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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.