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Executive Summary
Own a piece of history! Magnavox opened the Greeneville Cabinet Company in the 1940’s. Now, the real estate is available for sale for less than $12 per square foot. The property consists of 167,197 square feet over two buildings. The main building has 3 stories with loading doors on each level. The buildings are located on 5.33 acres in Greeneville, TN. There are 7 dock doors, 6 drive-in doors, and ceiling heights range mostly from 9’ – 14’. The main building has heavy electrical, newer roof (EPDM ~ 10 years old, TPO ~ 8 years old), and a dry sprinkler system with 6 of the 7 risers being recently rebuilt.
Approximately 74,000 square feet are leased to multiple tenants. This generates over $130,000 ($1.80/SF) in gross income. Roughly 35% of the rented square footage consists of month-to-month tenants. This allows an investor or owner/occupant an excellent opportunity to increase the property’s rental income or make more space available for their own use.
Seller will consider owner financing.
Approximately 74,000 square feet are leased to multiple tenants. This generates over $130,000 ($1.80/SF) in gross income. Roughly 35% of the rented square footage consists of month-to-month tenants. This allows an investor or owner/occupant an excellent opportunity to increase the property’s rental income or make more space available for their own use.
Seller will consider owner financing.
Property Facts
Amenities
- Fenced Lot
Utilities
- Lighting
- Gas - Natural
- Water
- Sewer
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Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 098D-D-019.00 | Improvements Assessment | $255,280 |
| Land Assessment | $40,480 | Total Assessment | $295,760 |
Property Taxes
Parcel Number
098D-D-019.00
Land Assessment
$40,480
Improvements Assessment
$255,280
Total Assessment
$295,760
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