For Sale
$237,900

179 Main St Parsons, TN 38363

Profitable TN Medical Office - $237,900

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional 2,936 square foot medical office building, located at 179 E Main Street in Parsons, Tennessee, presents a compelling investment opportunity. Built in 1946, this single-story property sits on a lot with no recorded square footage. Currently operating under a triple-net lease, the building generates a consistent monthly income of $2,800, representing a strong return on investment. The property is classified as both retail and office space, and its medical office subtype makes it ideal for a variety of healthcare practices. The asking price is $237,900. Situated in Decatur County, Tennessee, with a zip code of 38363, this property benefits from its convenient location in Parsons. The building's single-story design offers easy accessibility and efficient use of space. The current lease agreement provides a stable income stream, minimizing vacancy risk for the foreseeable future. This is a rare opportunity to acquire a well-established, income-producing property in a desirable location. The property's strong tenant history and consistent rental income make it an attractive investment for both seasoned and new investors seeking a stable and profitable asset. The three-year lease provides long-term security and predictable cash flow. Further details are available upon request.

Highlights

  • 2,936 SF medical office building in Parsons, TN.
  • Triple-net lease generating $2,800 monthly income.
  • Asking price: $237,900.
  • Located at 179 E Main Street, Parsons, TN 38363.
  • Single-story building with easy accessibility.
  • Three-year lease provides stable income and low vacancy risk.

Property Details for 179 Main St

Property type
Retail properties, Office properties
Square Feet
2,936 SF
Year Built
1946
Stories
1

Location Insight

City
Parsons
County
Decatur
State
Tennessee
Latitude
35.650478
Longitude
-88.123976
179 Main St, Parsons, Tennessee

FAQs

What type of property is this?
Retail property - Profitable TN Medical Office - $237,900
Where is the retail property located?
The property is located at 179 Main St Parsons, TN.
What is the asking price?
The asking price for this property is $237,900.
What are key features of this property?
This property features: 2,936 SF medical office building in Parsons, TN.; Triple-net lease generating $2,800 monthly income.; Asking price: $237,900.
How can I contact the broker?
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179 Main St
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