USATNRogersvilleNot in Subdivision307 S Depot St
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$900,000

For Sale

10 days ago

307 S Depot St, Rogersville, TN

House

MLS® 9994142

0 Bed

0 Bath

22900 sqft

25 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size 22900 sqft
Garage 
Taxes 
Days Active 9
Lot Size 
Approx. Age 1947
Avg. Price Per Sqft $39
MLS® Number 9994142

Property Address: 307 S Depot St, Rogersville, TN, 37857-3329

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number9994142
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1947
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 20, 2026List Date
$900,000List Price
  • Commute

Commute

Starting Address
Destination Address
307 S Depot St, Rogersville, TN

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