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406 Wharf St 10,027 SF Retail Building Loudon, TN 37774 $550,000 ($54.85/SF)
Investment Highlights
- Positioned on one of downtown Loudon’s most desirable and fastest-developing streets
- Excellent redevelopment potential
- Prime opportunity for investors or business owners looking to be part of Loudon’s expanding downtown district
- Surrounded by new businesses and growth
- Versatile layout with a second-floor space ideal for an apartment conversion
Executive Summary
Positioned on one of downtown Loudon’s most desirable and fastest-developing streets, surrounded by new businesses and growth, this former funeral home offers excellent redevelopment potential. Just steps from the square and courthouse, the C1-zoned building provides a versatile layout with a second-floor space ideal for an apartment conversion. Renovations have been started upstairs, leaving plenty of room for customization to fit your vision. Currently vacant, this property is a prime opportunity for investors or business owners looking to be part of Loudon’s expanding downtown district.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Funeral Home
Building Size
10,027 SF
Building Class
C
Year Built
1905
Price
$550,000
Price Per SF
$54.85
Tenancy
Single
Building Height
2 Stories
Building FAR
1.19
Lot Size
0.19 AC
Opportunity Zone
Yes
Zoning
C1 - Commercial
Parking
12 Spaces (1.2 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 041A-B-015.00 | Improvements Assessment | $124,360 |
| Land Assessment | $17,920 | Total Assessment | $142,280 |
Property Taxes
Parcel Number
041A-B-015.00
Land Assessment
$17,920
Improvements Assessment
$124,360
Total Assessment
$142,280
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406 Wharf St
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