501 Mckee St Greeneville, TN 37743-6029
This exceptional 5,100 square foot commercial building, situated on a highly visible 0.21-acre corner lot in Greeneville, TN, presents a unique investment opportunity. Constructed in 1980, this property has a proven track record of success, having housed a thriving business for many years. The building's prime location ensures high traffic and excellent visibility, making it ideal for a wide range of commercial ventures. The main floor boasts over 1,500 square feet of finished office space, perfectly suited for administrative functions or client interaction, complemented by over 1,000 square feet of main floor storage. A full basement, accessible via a convenient garage door, offers ample space for additional storage, material handling, or the potential for expansion and development of extra finished space. The building is equipped with a comprehensive range of utilities, including natural gas, public sewer, and cable. A dual fuel heat pump system efficiently provides climate control for both levels, ensuring year-round comfort and operational efficiency. This property represents a rare chance to acquire a well-established commercial space in a desirable location, ready for immediate occupancy and poised for future growth. The asking price is $298,500.
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Bailey Heating & Air and Electrical HVAC Service General Contractor
712. M-1 (Manufacturing Warehouse) Restricted Manufacturing and Warehouse. This industrial district is established to provide areas in which the principal use of land is for light manufacturing and warehousing. It is the intent that permitted uses are conducted so that any excessive noise, odor, dust and glare of an operation be completely confined within an…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
M1 · Greeneville, TN712. M-1 (Manufacturing Warehouse) Restricted Manufacturing and Warehouse. This industrial district is established to provide areas in which the principal use of land is for light manufacturing and warehousing. It is the intent that permitted uses are conducted so that any excessive noise, odor, dust and glare of an operation be completely confined within an enclosed building. These regulations are intended to prevent frictions between uses within the district and also to protect nearby residential districts, as shown on the zoning map of the City of Greeneville, Tennessee, the following uses are permitted. 712.1 . Any use permitted in a Business District except residential units. 712.2 . Bakers, bottling works; cabinet making; carpenters' shop; clothing manufacture; dairy, electrical welding; fruit making or packing; ice plant, laundry; machine shop; milk distribution stations; optical goods, paper boxes and pencil manufactures; printing; publication or engraving concern; tinsmith shop; trucking terminal, and warehouses. 712.3 . Other uses of the same general character as those listed above deemed appropriate by the Greeneville Regional Planning Commission. 712.3.1. No yard will be required for that part of the lot which fronts on a railroad siding. Zoning Ordinance Greeneville, Tennessee Page 81 712.3.2. On lots that abut a residential district the Greeneville Regional Planning Commission may require all buildings and improvements be properly screened and shall be located so as to comply with the side yard requirements of the adjacent residential district. 712.3.3. Any structure or equipment essential to the operation shall be set back so as not to obstruct a public way visually or physically. 713. M-2 (High Impact Use). It is the intent of this district to establish areas which, unless closely regulated, might cause a detrimental effect upon and be injurious to surrounding areas. This district was created therefore for heavy types of industries and uses, noise, odor, dust, and other objectionable conditions. The following uses are permitted (REVISED 3/7/00). 713.1. Any use permitted in the M-1, Manufacturing Warehouse district, with provisions for buffering as provided in Section 712.3.2. 713.2. Terminals; 713.3. Wholesale business; 713.4. Warehouses; 713.5. Storage yards and buildings and similar uses;
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.
