150 Main StAshland City, TN 37015
- Office properties
- 2,000 SF
Property Details for 150 Main St
- Year built
- 1900
- Lot size
- 0.07 AC
- Property size (Sq ft)
- 2,000 SF
- Property type
- Office properties
- Property subtype
- Other office properties
- APN
- 055C H 00900
- APU
- 055CH00900
Description
This exceptional 2,000 square foot executive office building, located at 150 S Main St in Ashland City, Tennessee, presents a unique investment opportunity. Built in 1900, this all-brick structure sits on a 0.07-acre lot and is zoned C1. Currently leased (lease expiring 7/31/23) and generating a net monthly income of $900, the property boasts a prime downtown location within a growing area. The building features dedicated parking behind the building and convenient street parking. Accessibility is ensured with a handicap-accessible entrance. The main floor includes a reception area, office space, a conference room, and two restrooms. Upstairs, you'll find three additional offices, a conference area, and a kitchenette. The interior features a blend of hardwood and tile flooring. Previously used as a shoe store and currently operating as a law office, this versatile property offers significant potential for future income and growth. Showings are by appointment only
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $345,504
- 6.5%
- $318,927
- 7%
- $296,146
-
Comparable approach
- Method
- Valuation
- Relative Method
- $172,160
- Geo Method
- $172,160
-
Alternative Use
- Use
- Valuation
- Residential
- $395,469
- Hospitality
- $362,248
- Educational
- $301,386
- Medical
- $311,751
- Retail
- $468,823
Location Insight
- City
- Ashland City
- County
- Cheatham
- State
- Tennessee
- Latitude
- 36.2738
- Longitude
- -87.0642
- CBSA code
- 34980
- CBSA name
- NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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