For Sale
$789,900

113 Washington AveHenderson, TN 38340

Prime location, high-income potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use investment opportunity in downtown Henderson, TN, presents three adjacent buildings totaling 8,473 square feet on a 0.34-acre lot. Ideally situated near Freed-Hardeman University, this property boasts high visibility and foot traffic, making it perfect for a variety of uses. The buildings, featuring a blend of historic charm and modern amenities, offer versatile spaces suitable for retail, restaurants, offices, and events. 113 S. Washington Ave includes a drive-thru and private courtyard, while 119 S. Washington Ave houses 34 income-producing storage units currently generating $2,296 in monthly revenue at full occupancy (19 units at $54, 10 units at $73, and 5 units at $108). Recent improvements include new roofs (2023) on two of the buildings. The property also features 3.5 bathrooms downstairs and one full bath upstairs, along with additional upstairs space ideal for storage, an apartment, or a large meeting room. This is a unique chance to acquire a well-located, versatile property with significant income potential in a vibrant area. Furniture and kitchen equipment are negotiable. The property is zoned commercial and consists of three buildings, each two stories, offering a total of three units. The asking price is $789,900, representing a price per square foot of $93.23.

Highlights

  • Three adjacent buildings (111, 113, & 119 S. Washington Ave) in downtown Henderson, TN, near Freed-Hardeman University, offered as a single package.
  • High-visibility location with strong foot traffic, ideal for retail, restaurants, or coffee shops.
  • Versatile spaces blend historic charm with modern amenities, offering potential for office space, event venue, and storage units.
  • 113 S. Washington Ave includes a drive-thru, private courtyard, and new roof (2023); 3.5 baths downstairs, 1 full bath upstairs.
  • 34 income-producing storage units generating $2,296 monthly income at full occupancy; furniture and kitchen equipment negotiable.

Property Details for 113 Washington Ave

Property type
Retail properties, Restaurants
Square Feet
8,473 SF
Class
B
Buildings
3
Stories
2
Lot Size (sq. ft)
14,810 SF
Units
3

Location Insight

City
Henderson
County
Chester
State
Tennessee
Latitude
35.438794670167
Longitude
-88.641252626008
113 Washington Ave, Henderson, Tennessee

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113 Washington Ave
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