240 Main StAshland City, TN 37015

  • Retail properties
  • 6,304 SF
For Sale
$850,000 View listing

Property Details for 240 Main St

Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.37 AC
Property size (Sq ft)
6,304 SF
Property type
Retail properties
Property subtype
Auto shops
APN
055C F 01400
APU
055CF01400

Description

This exceptional 6,000 square foot retail property, located at 240 S Main St in Ashland City, Tennessee, presents a unique investment opportunity. Built in 1947, the building sits on a 0.47-acre lot and is zoned C2, offering considerable flexibility for a variety of uses. Previously utilized as an automotive sales facility and more recently a brewery, the property boasts convenient roll-up doors and ample parking, making it ideal for a diverse range of businesses. The versatile space is well-suited for office, retail, warehouse, or dining establishments. Its prime downtown location within a growing community ensures high visibility and accessibility. The property is currently unleased and available for immediate occupancy. Furniture and equipment from the previous tenant are also available for purchase, providing a potential turnkey operation for the right buyer. The asking price is $850,000. Tax records are available upon request. This is an exclusive agency listing.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,600,873
    6.5%
    $1,477,729
    7%
    $1,372,177
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,367,474
    Geo Method
    $1,367,474
  • Alternative Use

    Use
    Valuation
    Residential
    $1,246,519
    Hospitality
    $1,141,805
    Educational
    $949,968
    Medical
    $982,639
    Retail
    $1,477,729
240 Main St, Ashland City, Tennessee

Location Insight

City
Ashland City
County
Cheatham
State
Tennessee
Latitude
36.2728
Longitude
-87.0632
CBSA code
34980
CBSA name
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2018
$2,447
$28,880
$46,120
$75,000
-
$72,200
$115,300
$187,500

FAQs

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