For Sale
$750,000

862 Broad StLexington, TN 38351

Thriving Business, 5 Acres, High Visibility

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 1,248 sq ft storefront property, situated on a 5.1-acre lot in Lexington, Tennessee, presents a unique investment opportunity. Currently operating as a successful nursery and landscaping business for over 40 years, this established enterprise includes a retail space, office, and nine greenhouses. The property boasts a newly remodeled interior and is located on a four-lane state highway, just south of Lexington near the new bypass, providing excellent visibility and accessibility. Zoned for commercial use, this property offers flexibility. It can be purchased as a turnkey operation, complete with inventory and assets, or easily adapted to suit a variety of business needs. Built in 1984, the single-unit building sits on a large lot, offering ample space for expansion or future development. The property's prime location between Memphis and Nashville, at Exit 108, ensures high traffic volume and significant potential for growth. The asking price is $750,000, representing a cap rate of 1.00%. The property is currently 100% occupied.

Highlights

  • Established nursery business on 5 acres, including florist shop, office, retail space, and 9 greenhouses.
  • Prime location in Lexington.
  • Family-owned and operated for 40 years, offering a turnkey operation with all inventory and assets included.
  • Successful, long-standing business with strong community ties.

Property Details for 862 Broad St

Property type
Retail properties, Retail space
Square Feet
1,248 SF
Year Built
1984
Buildings
10
Lot Size (sq. ft)
222,156 SF
Units
1

Location Insight

City
Lexington
County
Henderson
State
Tennessee
Latitude
35.6262018
Longitude
-88.4066245
862 Broad St, Lexington, Tennessee

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862 Broad St
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