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505 Lake Way Pl 29,067 SF Industrial Building Tullahoma, TN 37388 $1,800,000 ($61.93/SF)
Investment Highlights
- Frontage: +515’ along Lake Way Place, +525’ along E Ave +475’ along Turk Street, +480’ along Charles Street
Executive Summary
BellCornerstone is pleased to present the opportunity to acquire 505 Lakeway Place, Tullahoma, TN, a commercial real estate investment opportunity located within the growing Tullahoma market. The Property offers buyers the opportunity to acquire a strategically located asset with convenient access to the area’s primary commercial corridors, surrounding businesses, and regional transportation routes.
Situated in Coffee County, Tullahoma serves as an important employment and commercial center for the surrounding region. The area benefits from a diverse economic base supported by aerospace and defense, manufacturing, healthcare, retail, and education. The Property’s location provides connectivity to major regional markets, including Nashville, Chattanooga, and Huntsville, while maintaining the lower operating costs and accessibility associated with secondary markets.
505 Lakeway Place presents an opportunity for buyers seeking to expand their portfolio in a business-friendly Tennessee market with established employment drivers and regional connectivity. The Property’s location, surrounding commercial activity, and access to a diverse regional workforce position the asset for continued use and long-term investment potential.
Situated in Coffee County, Tullahoma serves as an important employment and commercial center for the surrounding region. The area benefits from a diverse economic base supported by aerospace and defense, manufacturing, healthcare, retail, and education. The Property’s location provides connectivity to major regional markets, including Nashville, Chattanooga, and Huntsville, while maintaining the lower operating costs and accessibility associated with secondary markets.
505 Lakeway Place presents an opportunity for buyers seeking to expand their portfolio in a business-friendly Tennessee market with established employment drivers and regional connectivity. The Property’s location, surrounding commercial activity, and access to a diverse regional workforce position the asset for continued use and long-term investment potential.
Property Facts
| Price | $1,800,000 | Lot Size | 5.72 AC |
| Price Per SF | $61.93 | Rentable Building Area | 29,067 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1981 |
| Property Subtype | Manufacturing | Tenancy | Single |
| Building Class | B | Parking Ratio | 3.72/1,000 SF |
| Zoning | I1 - Industrial General | ||
| Price | $1,800,000 |
| Price Per SF | $61.93 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 5.72 AC |
| Rentable Building Area | 29,067 SF |
| No. Stories | 1 |
| Year Built | 1981 |
| Tenancy | Single |
| Parking Ratio | 3.72/1,000 SF |
| Zoning | I1 - Industrial General |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 125-001.00 | Improvements Assessment | $250,200 |
| Land Assessment | $132,600 | Total Assessment | $382,800 |
Property Taxes
Parcel Number
125-001.00
Land Assessment
$132,600
Improvements Assessment
$250,200
Total Assessment
$382,800
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