For Sale
$995,000

2598 Smithville HwyMcMinnville, TN 37110

7.5-acre commercial property, leased until 2025.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 7.5-acre commercial property, located at 2598 Smithville Highway in McMinnville, Tennessee (zip code 37110), presents a compelling investment opportunity. The property boasts a total of 4,400 square feet, encompassing over 2,200 square feet of office space and an additional 2,200 square feet of full basement space ideal for storage or expansion. Currently operating under a Net Lease (NN+) agreement with a single tenant, the lease commenced March 1, 2023, and expires March 1, 2025, generating a Net Operating Income (NOI) of $4,200 and a 5.00% cap rate. The property is classified as Class B and features a convenient location just outside McMinnville city limits, providing over 446 feet of frontage on Highway 56. Zoned for commercial use, it benefits from McMinnville City Utilities sewer service while only incurring county taxes. The property includes two driveways—a large, paved 65-foot driveway and additional level graveled land—enhancing accessibility and functionality. The asking price is $995,000. This versatile property offers significant potential for various commercial uses.

Highlights

  • 7.5-acre commercial lot with 4,400+ SF of building space (2,200 SF main level office, 2,200 SF full basement).
  • Over 446' of Hwy 56 frontage, just outside McMinnville city limits.
  • Commercially zoned with city sewer, county taxes.
  • Two driveways (one 65' paved); level, graveled land.
  • Currently leased through March 1, 2025; Owner/Agent.

Property Details for 2598 Smithville Hwy

Property type
Retail properties, Office properties
Square Feet
4,400 SF
Class
B
Lot Size (sq. ft)
326,700 SF

Location Insight

City
McMinnville
County
Warren
State
Tennessee
Latitude
35.7174143439
Longitude
-85.783943028577
2598 Smithville Hwy, McMinnville, Tennessee

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2598 Smithville Hwy
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