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307 S Depot Street
Rogersville TN 37857 US

$900,000

Active Listing ID 9994142
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Lot: 1.38 Acres
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Other

$900,000

Active Listing ID 9994142
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307 S Depot Street 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.

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Property Features

  • Facts
  • Lot Size: 1.38 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Cooling System: Central Air, Heat Pump
  • Roof Type: Rubber
  • Heating Fuels: Central, Heat Pump (Heating)

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 900000
  • unparsedaddress: 307 S Depot Street
  • postalcity: Rogersville
  • stateorprovince: TN
  • country: US
  • postalcode: 37857
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 1.38
  • lotsizeunits: Acres
  • lotsizearea: 1.38
  • livingarea: 22900
  • livingareaunits: Square Feet
  • latitude: 36.404748
  • longitude: -83.00604
  • listagentfullname: Ed Mahaffey
  • listagentemail: edmahaffey@tcigroup.com
  • listagentkey: 3yd-TVARMLS-33075
  • listagentmlsid: 33075
  • listagentpreferredphone: 4234304215
  • listagentofficephone: 4234304215
  • listofficekey: 3yd-TVARMLS-479
  • listagentstatelicense: 355986
  • listofficemlsid: 479
  • disclaimer: Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: TVARMLS
  • yearbuilt: 1947
  • listingcontractdate: 2026-04-20
  • listagenturl: http://tcigroup.com
  • countyorparish: Hawkins
  • parcelnumber: 100l H 018.00
  • cooling: Central Air, Heat Pump
  • constructionmaterials: Block
  • heating: Central, Heat Pump (Heating)
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 25
  • roof: Rubber
  • waterfrontyn: False
  • franchiseaffiliation: None
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -83.00604, 36.404747
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"TCI GROUP - JERRY PETZOLDT AGE", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"edmahaffey@tcigroup.com", "ListBrokerageCity":null, "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"TCI GROUP - JERRY PETZOLDT AGE", "ListBrokeragePhone":"4239150911", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"300 E. Main Street Suite 404 Johnson City TN 37601", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"5 Red Bush Court Suite 20", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"479", "ListOfficeCity":"Johnson City", "ListOfficeCountry":"US", "ListOfficeEmail":"jerrypetzoldt@gmail.com", "ListOfficePostalCode":"37601", "ListOfficeStateOrProvince":"TN", "ListPriceCurrencyType":"USD", "ListingTitle":"COMMERCIAL - Rogersville, TN", "ListingURL":null, "MLSModificationTimestamp":"2026-04-20 15:00:44", "Neighborhoods":[{"Description":null, "Name":"Not In Subdivision"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":4764, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 4/20/2026 3:07:13 PM GMT
Source Updated Date: 4/27/2026 12:41:47 PM GMT

Courtesy of: Ed Mahaffey, TCI Group - Jerry Petzoldt Agency, LLC, edmahaffey@tcigroup.com

Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.