141 Odd Fellows Cemetery Rd - Schools FOR SALE


Rockwood, TN 37854
$250,000 USD
865-228-4264
141 Odd Fellows Cemetery Rd, Rockwood, TN for Sale
$250,000 USD
Schools - FOR SALE
1/8
null | Request Cap Rate

141 Odd Fellows Cemetery Rd
Rockwood, TN 37854


HIGHLIGHTS

  • 141 Odd Fellows Cemetery Road is home to the historic Old Pond Grove School facility, built in 1960 and sits on 2.33 acres of fenced-in land.
  • Medium-density residential zoning enables up to 20 one-bedroom units or redevelopment into a 90,000 square feet residential or mixed-use asset.
  • Rockwood is a town in Roane County off US 70, the main artery between Knoxville and Nashville.
  • The site is convenient to shopping, skilled employment, and cultural and entertainment venues.
  • Major retailers nearby include Walmart Supercenter, McDonald’s, Sonic Drive-In, Big Lots, Tractor Supply Co, and several local retailers.

OVERVIEW

141 Odd Fellows Cemetery Road presents the rare opportunity to own this historic school complex in Tennessee. The opportunity consists of two solid brick buildings located on 2.3 acres of land and approximately 14,000 square feet with current building structure dimensions untouched. The main building is brick, has two stories with a full basement and extension on the lower level, with hardwood floors throughout and a pitched roof, and is 10,000 square feet total. The Administration building is a standalone building with one story and full basement, brick construction and flat roof with over 4,000 square feet. The fenced-in lot offers two entrances and a circular driveway. The possibilities are endless. The space can be transformed to accommodate a gym, nursery and daycare, charter school, nursing facility, self-storage facility, and more. There is also a prime opportunity to redevelop this value-add asset into a multifamily with up to 20 units within the current structure with the potential for more. The buildings are vacant, and utilities have been cut off allowing for new ownership to begin construction once permits are obtained. 141 Odd Fellows Cemetery Road is located with convenience in mind. Main roadways US Route 70, Interstate 40, and State Routes 27 and 29 are all within a quick distance. These major highways connect Rockwood to Knoxville and Nashville easily. Rockwood is a dense suburban area with plentiful nature. Mount Roosevelt, Roane State Community College, and Roackwood Municipal Airport draw in visitors to this small but convenient town. Other major points of interest in Rockwood include Rockwood Golf & Country Club, Expo Center, RSCC O’Brien Theatre, and Historic Tennessee Highway Patrol Station. There are many big-name conveniences close to 141 Odd Fellows Cemetery Road such as Walmart Supercenter, Sonic Drive-In, bealls, Big Lots, Tractor Supply Co, Captain D’s, McDonald’s, Subway, Hardees, and more. Local restaurants nearby such as Coffee Whipped Café, MeMe’s Restaurant, El Patron, China New Buffet are only a quick drive. This opportunity benefits greatly as a part of the greater Knoxville market. From a demographic standpoint, Knoxville's population has been growing rapidly. According to data from the Census Bureau, Knoxville's population has grown by an average of nearly 13,000 individuals on a net basis over the past three years. That average significantly outpaces the area's pre-pandemic growth. As the home of the University of Tennessee, Knoxville has a growing economy centered on education and healthcare services. Additionally, the university provides around 10,000 jobs on its campus. The metropolitan area's largest employer is Oak Ridge National Laboratory of the U.S. Department of Energy, with 13,000 employees. Knoxville employs about 25,000 people at over 10 major hospitals throughout the metro. 141 Old Fellows Cemetery Road is primed to offer an ideal development opportunity in the scenic town of Rockwood.

FOR SALE DETAILS

PRICE

$250,000 USD

PRICE/SF

$18 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.33 AC

LAND SF

101,495 SF

ZONING

Medium Residential

APN/PARCEL ID

055G-A-001.01

ASK ABOUT THIS PROPERTY

Michelle GibbsNAI Koella | RM MooreMore Info
865-228-4264

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Michelle GibbsNAI Koella | RM MooreMore Info
865-228-4264

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.