112 Jane Way Ln
LaFollette, TN 37766
Commercial Building · Retail Property For Sale

Welcome to the auction for this exceptional commercial property in LaFollette's central business district. Constructed in 2003, this brick and siding steel building boasts 4 equal-size rental units, each offering lucrative investment potential. Here are the key details: Location: Situated just off the 4-lane in LaFollette, this property enjoys corner access from both Janeway Ln. and Rusty Ln., offering excellent visibility and accessibility. Features: All city utilities are available. Gas CH&A for each unit ensures comfort and convenience. Individually metered units for easy management. A large, paved parking area provides ample parking space for tenants and customers alike. Tenancy: One tenant is under lease until August 2030, offering stability and a guaranteed income stream. The remaining three units are currently on a month-to-month basis, providing flexibility for potential buyers. All four units have long-term tenants who have occupied their spaces for several years. Financials: Current gross rental income stands at an impressive $51,900 per year. This property presents an incredible opportunity for investors looking to expand their portfolio in a thriving business district. Whether you're seeking a stable long-term lease or the flexibility to reconfigure the rental units, this property has the potential to meet your investment goals. Don't miss your chance to own a piece of LaFollette's bustling commercial landscape. Make your bid for this prime commercial property. Contact us today for more information.