HARRIMAN, TN 37748

Property Overview:

• Type: Condemned Single-Family — Teardown / Lot Play

• Beds/Baths: 2 Bed / 1 Bath (structure has zero rehab value)

• Lot Size: 0.62 acres

• Structure: Condemned by City of Harriman — demo required, no rehab path

Property Highlights:

• Close to downtown Harriman

• City water & sewer

• Cleared lots in this pocket have been trading on average of ~$40,000 for 0.37 acres.  Our deal (the one you're looking at right now) is 0.62 acres.

• Excellent setup for the investor looking to build new close to downtown Harriman  (the city has also approved a double-wides on permanent foundation)

Demo Needed:

• Structure condemned — full demo required, no rehab path

• Demo Cost:  $10,500 firm quote  (a demo contractor walked the property in person) — $10.5k covers structure demo/haul-off plus seed & straw of the disturbed footprint

• Single new build site — a good amount of the 0.62 acres is wooded, so any further site/tree clearing is at the buyer's choice

Lot Value Breakdown & Comps:

Two recent comps for cleared lots in this area averaged $40,000 on 0.37 acres. Our lot is 0.62 acres — meaningfully larger.  Treat $40,000+ as a supported floor of actual land value, not a certified number.

Land Comps:

1.  .37 Acre Lot - 115 Ford Ave. Harriman, TN 37748

Sold for $56,000 on 08/29/2025 - Buildable Lot

2. .37 Acre Lot - 418 Sewanee St. Harriman, TN 37748

Sold for $25,000 on 12/19/2025 - Build Ready Lot​

3. .67 Acre Lot - Circle Dr. Harriman, TN 37748

Listed for $25,000 - Land Plot 

Other notes:

• City of Harriman code violation fines are accruing on the property at $50/day since 7/13/26 (north of $2,500 and climbing) — buyer responsible for whatever is outstanding at closing

• Desk-level title check came back clean apart from the known city fine — no other liens found

• Buyer will need to pull their own demolition permit through Roane County Building Dept

• This one gets more expensive to sit on, not less — code violation fines keep accruing ($50/day) until the structure comes down, so the buyer who moves first saves the most.

Contact Information:

Call / Text Greg at (865) 294-2865 to lock it in.  Greg or someone on our team will get the contract over right away.

Terms:

$5,000 EMD, closing in 14 days or sooner, buyer pays all closing costs, cash or hard money only, proof of funds required, first buyer to provide POF + EMD gets it.