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3251 Main St - 3251 Main St Pikeville Tn 6,000 SF Specialty Building Offered at $825,587 CAD at a 7.32% Cap Rate in Pikeville, TN 37367
Investment Highlights
- Prime Main Street location within walking distance to local amenities
- Includes a spacious three-bedroom, two-bath owner’s unit with an in-ground pool.
- Situated near major Tennessee parks and recreational destinations fostering tourism rental demand.
- Combination of leased retail, three one-bedroom apartments, and a large garage with flexible use options.
- Opportunity Zone designation offers potential federal tax incentives for qualified investments.
- Corner lot position providing visibility, access, and on-site parking.
Executive Summary
3251 Main Street presents a rare mixed-use investment opportunity in the heart of downtown Pikeville, Tennessee. Positioned along the city’s primary corridor and just steps from the Bledsoe County Courthouse, this two-story property combines retail frontage, residential income, and functional specialty space within a single asset. The configuration includes a leased street-facing retail storefront providing immediate cash flow, three fully leased one-bedroom apartments, and a sizeable garage structure with office and full bath offering additional revenue potential through storage, workspace, or future adaptive reuse.
An on-site, move-in-ready three-bedroom, two-bath main residence with a private swimming pool elevates flexibility for owner-occupancy or short-term rental strategies. The property’s location blends community engagement and walkability with proximity to regional attractions like Fall Creek Falls and Cumberland State Parks—two major tourism drivers for Eastern Tennessee.
With unrestricted use, absence of HOA governance, and inclusion in a designated Opportunity Zone, this asset supports long-term tax-advantaged investment. Multiple income streams, high-visibility frontage, and adaptable physical improvements make this offering attractive for investors, entrepreneurs, and owner-users seeking diversified income and high utility.
An on-site, move-in-ready three-bedroom, two-bath main residence with a private swimming pool elevates flexibility for owner-occupancy or short-term rental strategies. The property’s location blends community engagement and walkability with proximity to regional attractions like Fall Creek Falls and Cumberland State Parks—two major tourism drivers for Eastern Tennessee.
With unrestricted use, absence of HOA governance, and inclusion in a designated Opportunity Zone, this asset supports long-term tax-advantaged investment. Multiple income streams, high-visibility frontage, and adaptable physical improvements make this offering attractive for investors, entrepreneurs, and owner-users seeking diversified income and high utility.
Property Facts
| Price | $825,587 CAD | Building Size | 6,000 SF |
| Price Per SF | $137.60 CAD | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1952 |
| Cap Rate | 7.32% | Opportunity Zone |
Yes
|
| Property Type | Specialty |
| Price | $825,587 CAD |
| Price Per SF | $137.60 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.32% |
| Property Type | Specialty |
| Building Size | 6,000 SF |
| No. Stories | 2 |
| Year Built | 1952 |
| Opportunity Zone |
Yes |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 004065I B 00600 001 | Improvements Assessment | $88,331 CAD |
| Land Assessment | $0 CAD | Total Assessment | $88,331 CAD |
Property Taxes
Parcel Number
004065I B 00600 001
Land Assessment
$0 CAD
Improvements Assessment
$88,331 CAD
Total Assessment
$88,331 CAD
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3251 Main St - 3251 Main St Pikeville Tn
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