$900,000
Rogersville, TN 37857
MLS# 9994142
22900 sqft

1 / 7
Property Description
This exceptional commercial investment opportunity offers over 22,000 square feet of versatile space with multiple income streams and significant upside potential. The property is comprised of 15 units, many of which have been renovated or built out, and features numerous long-term tenants already in place, providing immediate, stable cash flow. Currently generating approximately $7,653 per month, with three vacant units advertised for rent, the property presents a strong value-add opportunity with roughly 30% vacancy remaining--ideal for increasing income and boosting returns. The current net income stands at $91,838 annually, making this one of the highest CAP rate opportunities on the market. The building is partially owner-occupied by a church utilizing three separate areas, including a newly renovated reception hall. Additional on-site tenants include a daycare and a thrift store, further diversifying income streams. In total, there are eight established tenants and three vacant units ready for lease-up. Recent capital improvements include a new roof and multiple brand-new HVAC systems, reducing near-term maintenance concerns for the next owner. An added bonus is the included adjacent parcel (100L H 021.00), a 0.55-acre lot with frontage on S. Rogers St., offering excellent potential for additional parking, storage units, or future development. This property is ideal for an investor seeking steady income with room to grow, or for a religious organization looking to expand into a multi-use facility.
Details
Maps
Location, Tax & Legal Info
Parcel ID: 100l H 018.00
Deed Book #: 1601
Deed Page #: 291
Plat Map: H
City Taxes: 3424.71
County Taxes: 4763.82
Contract Info
List Price/SqFt: 39.3
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 900000
Current Price: $900,000
Listing Date: 2026-04-20
General Property Description
Road Frontage Length: 382
Acres: 1.38
Lease: No
Lot Size: 179 x 202
Zoning: HB-3
HOA Y/N: No
Stories: 1
Total SqFt Finished: 22900
Total SqFt Unfinished: 0
# Parking Spaces: 25
# Restrooms: 4
Annual Lease $: 0
$ Lease/SqFt: 0
Year Built: 1947
Total SqFt: 22900
Remarks & Misc
Public Remarks: This exceptional commercial investment opportunity offers over 22,000 square feet of versatile space with multiple income streams and significant upside potential. The property is comprised of 15 units, many of which have been renovated or built out, and features numerous long-term tenants already in place, providing immediate, stable cash flow.
Currently generating approximately $7,653 per month, with three vacant units advertised for rent, the property presents a strong value-add opportunity with roughly 30% vacancy remaining--ideal for increasing income and boosting returns. The current net income stands at $91,838 annually, making this one of the highest CAP rate opportunities on the market.
The building is partially owner-occupied by a church utilizing three separate areas, including a newly renovated reception hall. Additional on-site tenants include a daycare and a thrift store, further diversifying income streams. In total, there are eight established tenants and three vacant units ready for lease-up.
Recent capital improvements include a new roof and multiple brand-new HVAC systems, reducing near-term maintenance concerns for the next owner.
An added bonus is the included adjacent parcel (100L H 021.00), a 0.55-acre lot with frontage on S. Rogers St., offering excellent potential for additional parking, storage units, or future development.
This property is ideal for an investor seeking steady income with room to grow, or for a religious organization looking to expand into a multi-use facility.
Directions: From Highway 11W turn onto N Hasson St., go 0.4 miles and turn left on W Main St.. Go 350 ft. to building
Property Condition
Above Average: 1
Average: 1
Business Type
Church: 1
Professional Service: 1
Professional/Office: 1
Exterior Finish
Block: 1
Other Equipment
Garage Bay(s): 1
Roof
Rubber: 1
Road Access
City Street: 1
Electric Service
Phase 3: 1
See Remarks: 1
Development Status
See Remarks: 1
Heating
Central: 1
Heat Pump: 1
Info Available
Profit/Loss Statement: 1
Rental Roles: 1
AC
Central Air: 1
Heat Pump: 1
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Water
Public: 1
Sewer
Public Sewer: 1
Restrictions
See Remarks: 1
Easements
See Remarks: 1
Financing
Conventional: 1
Existing Finance
None: 1
Sale Includes
Fee Simple: 1
See Remarks: 1
Location Tax Legal Info
Street #: 307
St Direction: South
Street Name: Depot
St Suffix: Street
County: Hawkins
State/Province: TN
Zip Code: 37857
Area: 416 - Surgoinsvl/Rogersvl/W Hawkins
Subdivision: Not In Subdivision
Property Features
Property Condition: Above Average; Average
Business Type: Church; Professional Service; Professional/Office
Exterior Finish: Block
Other Equipment: Garage Bay(s)
Roof: Rubber
Electric Service: Phase 3; See Remarks
Development Status: See Remarks
Heating: Central; Heat Pump
AC: Central Air; Heat Pump
Utilities: Electricity Connected; Sewer Connected; Water Connected
Water: Public
Sewer: Public Sewer
Road Access: City Street
Info Available: Profit/Loss Statement; Rental Roles
Restrictions: See Remarks
Easements: See Remarks
Financing: Conventional
Existing Finance: None
Sale Includes: Fee Simple; See Remarks
Listing Office: TCI Group - Jerry Petzoldt Agency, LLC
Last Updated: April - 20 - 2026
Information deemed reliable but not guaranteed.