325 Fairchild St, Harriman, TN 37748

Property Description

ONLINE ONLY REAL ESTATE AUCTION | Approximately 2080SF Building with Large Equipment Shed and 20′ x 20′ Warehouse on 2.19+/- Acres less than 0.5 mile from I-40 | BIDDING BEGINS TO CLOSE: Thursday, September 10th at 12:00PM - Noon (ET) | OPEN HOUSE: Tuesday, September 8th at 12:00PM - Noon (ET) This exceptional commercial property offering presents a rare combination of substantial infrastructure, versatile buildings, and immediate income-producing potential in a highly accessible location approximately 0.5 miles from I-40 Exit 347 and just off South Roane Street in Harriman, Tennessee. Currently leased to AT&T and in continuous commercial use since its construction in 1967, this property offers a compelling opportunity for investors and owner-operators alike. The property is currently leased to AT&T, with the remainder of the lease transferring to the new owner. This lease provides the following financial benefits: - Monthly rent of $2,546.90 through 12/31/2026 - AT&T will pay a cancellation fee of $7,793.52 to the owner prior to the end of the lease - If the new owner pays the 2026 property taxes and submits the paid receipt to AT&T prior to lease termination, that amount will be reimbursed to the owner - If the owner pays property insurance and submits the paid receipt to AT&T prior to lease termination, a pro-rated amount through the end of the lease will be reimbursed to the owner The Main Building is an approximately 2,080 SF block construction building that is well-appointed for a variety of office and commercial uses, featuring: a large front office and lobby area, oversized office, two additional well-sized offices, bathroom with single stall and sink, and bathroom with two stalls, two urinals, two sinks, and a mop/utility sink. HVAC approximately 5 years old. Appears to have a newer roof. Additional Structures include an approximately 40′ x 100′ equipment shed -- ideal for equipment, vehicle, or material storage and an approximately 20′ x 20′ storage warehouse with loading dock with leveler and attached storage sheds providing additional covered storage capacity. Situated on 2.19+/- acres, the property features a large fenced lot plus additional lot space -- providing ample room for equipment, vehicles, outdoor storage, or future expansion. Please note that the property is currently zoned R-1 (residential); however, it has been used continuously as a commercial property for AT&T since it was built in 1967. Interested parties are encouraged to consult directly with the City of Harriman regarding any zoning-related questions and future use considerations. Approximately 0.5 miles to I-40 Exit 347. Just off South Roane Street. Convenient access to the greater Harriman and Roane County area. Properties combining immediate lease income, substantial infrastructure, a large fenced lot with additional lot space, and exceptional interstate access are extraordinarily rare. Whether you're an investor seeking a turnkey income-producing asset, an owner-operator looking to acquire a well-built property with room to grow, or a developer with a long-term vision for the site, this unique Harriman property delivers the location, infrastructure, and financial upside to make it a truly compelling acquisition. PLEASE NOTE: At the request of the Seller, the property must close by September 30th, 2026. No extensions. Kenny Phillips, Auctioneer | TN Lic #2385