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700 Grove St

4,039 SF Retail Building Loudon, TN 37774 $769,000 ($190/SF)

Executive Summary

Discover the potential of this prime 2-story brick commercial building at 700 Grove Street in downtown Loudon. Built in 2016, this 4,039 sq ft property sits on 0.33 acres with a lot size of 100 x 130, and offers a private parking lot with 17 spaces. The main level features an open-concept layout, formerly a deli but now a blank slate ready for your vision. It includes a restroom, office space, and a large storage area, plus a covered patio with views of downtown. The second floor is fully renovated and ready to use, with two separate office spaces, each with its own restroom, and a versatile conference room. Zoned C1 Commercial, this property could be used as a mixed-use space per Loudon city zoning. All utilities are provided through Loudon Utilities, making it an ideal investment for business owners or developers.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,039 SF
Building Class
C
Year Built/Renovated
1970/2016
Price
$769,000
Price Per SF
$190
Tenancy
Single
Building Height
1 Story
Building FAR
0.52
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
C1
Parking
13 Spaces (3.22 Spaces per 1,000 SF Leased)
Frontage
124 FT on Grove St

Nearby Major Retailers

Truist
United Community Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
041B-D-003.00
Land Assessment
$25,600
Improvements Assessment
$206,560
Total Assessment
$232,160
  • Listing ID: 33510915

  • Date on Market: 10/14/2024

  • Last Updated:

  • Address: 700 Grove St, Loudon, TN 37774

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