392 Main StGallatin, TN 37066

Property Details for 392 Main St

Lot size

3.13 AC

Property size (Sq ft)

136,342 SF

Property type

Mixed-use properties

Property subtype

Other retail properties

Description

This exceptional 3-building, 136,342 square foot property located at 392 W Main St, Gallatin, TN 37066, presents a significant redevelopment opportunity. Currently operating as a 100% occupied event center with 28,000 net rentable square feet, the property boasts a strong existing NOI of $100,000 and a pro-forma NOI of $500,000, reflecting a potential pro-forma cap rate of 11.11%. Situated on a 3.13-acre lot in the heart of Sumner County, this mixed-use (Office, Retail, Restaurant), commercially zoned property offers high visibility and significant upside potential. The property features 100 parking spaces and was renovated 14 years ago. The asking price is $4,500,000, representing a price per square foot of $33.01. This prime location offers readily available utilities and presents a unique chance to capitalize on the thriving Gallatin market. The current building structure and existing event center business provide a solid foundation for a variety of redevelopment scenarios. This is a rare opportunity to acquire a substantial property with significant potential for value creation in a desirable location.

Location Insight

City

Gallatin

County

Sumner

State

Tennessee

Latitude

36.3864

Longitude

-86.4546

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