For Sale
$1,385,000

1441 Market StDayton, TN 37321

Prime Dayton location, historic building, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A office building, located at 1441 Market St in Dayton, Tennessee (zip code 37321), presents a unique investment opportunity. The property, situated on a 3,000 square foot lot, boasts 6,300 square feet of space across three stories within a single building. Originally constructed in 1924 and extensively renovated in 2020, this prominent corner building offers a blend of historical character and modern amenities. Currently housing two long-term tenants with 66% occupancy under a gross lease, the building generates consistent income. The building's permitted zoning is C1, allowing for diverse uses. The second floor, approximately 762 square feet, offers a luxurious suite with an estimated annual income potential of $14,000 to $15,000. The building's prime location in Dayton's Historic District provides access to annual grants for exterior improvements, enhancing its value and appeal. The asking price is $1,385,000, translating to $219.84 per square foot. This property offers significant potential for future development, including possibilities such as a boutique hotel, restaurant, or expanded office space. The addition of third-floor office suites in 1956 further enhances the property's versatility. This is a rare chance to acquire a piece of Dayton's rich history and a strong investment opportunity.

Highlights

  • $1,385,000 asking price for a Class A, 6,300 square foot office building.
  • Located at 1441 Market St, Dayton, TN 37321, on a prominent corner in the historic downtown district.
  • Three-story building (1924 construction, renovated 2020) with 2 tenants and 66% occupancy; gross lease type.
  • Features three units totaling 6,300 square feet, priced at $219.84 per square foot.
  • 3,000 square foot lot with C1 zoning; Broker co-op available.

Property Details for 1441 Market St

Property type
Office properties
Square Feet
6,300 SF
Class
A
Year Built/Renovated
1924/2020
Buildings
1
Stories
3
Units
3

Location Insight

City
Dayton
County
Rhea
State
Tennessee
Latitude
35.494481846515
Longitude
-85.012885589906
1441 Market St, Dayton, Tennessee

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1441 Market St
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