397 Old Salem Rd - Industrial FOR SALE


Martin, TN 38237
$550,000 USD
731-281-1220
397 Old Salem Rd, Martin, TN for Sale
$550,000 USD
Industrial - FOR SALE
1/30
null | Request Cap Rate

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397 Old Salem Rd
Martin, TN 38237


HIGHLIGHTS

  • Zoned M-1, Light Industrial
  • 7 Bays
  • Metal siding

OVERVIEW

This versatile commercial property situated on 3.50 +/- acres with approximately 9,500 square feet of covered space with 12 bays total. The property is fully enclosed by chain-link fencing with barbed wire along the top, providing a secure setting for equipment, inventory, vehicles, storage, or business operations. The property features two enclosed storage buildings, a large attached steel-framed canopy, multiple garage bays, insulated spaces, loft storage, office space, and a bathroom. The first enclosed building measures approximately 49' x 47' and includes three 14' x 12' overhead garage doors with openers, 16' ceiling height at the walls and approximately 19' at the center, a propane-fired industrial unit heater, Humatic Air throughout, a window unit, a bathroom, office, approximately 7' x 47' interior loft/storage area, and three recessed floor anchors. The second enclosed storage building measures approximately 80' x 40' and includes four 14' x 12' bays, reinforced brick between the garage doors, insulation, and an approximately 40' x 11' loft area. A large, attached steel-framed canopy measures approximately 100' x 40' and offers five approximately 19'-wide bays with 16' of clearance and a new roof, providing substantial additional covered space for equipment, vehicles, materials, or storage. The property includes two 200-amp electrical panels, LED lighting throughout, a 500-gallon propane tank leased through Holston Gas, and utility and access easements. with 16' of clearance and a new roof. With its acreage, secure fencing, enclosed storage, high-clearance bays, covered workspace, and flexible commercial/industrial layout, this property offers a variety of potential uses in Martin.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$54 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

Truck Terminal, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.5

LAND SF

152,460

ZONING

M-1

APN/PARCEL ID

058-044.03

ASK ABOUT THIS PROPERTY

Alexander BynumWendell Alexander RealtyMore Info
731-281-1220

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Alexander BynumWendell Alexander RealtyMore Info
731-281-1220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.