240 Main StAshland City, TN 37015

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

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.

• 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

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

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