110 Third AveCarthage, TN 37030

Property Details for 110 Third Ave

Year built

1930

Lot size

0.07 AC

Property size (Sq ft)

8,528 SF

Zone code

C-1

Property type

Retail space

APN

080054H A 02000

APU

080054HA02000

Description

This exceptional 5,388 square foot mixed-use property in Carthage, TN, presents a unique investment opportunity. Located on a 0.07-acre lot at 110 Third Ave W, the building seamlessly blends a thriving event space with a luxurious residential loft. The ground floor encompasses a fully equipped event venue, perfect for weddings, corporate functions, or private parties. It boasts a modern commercial kitchen, a sophisticated sound system, an inviting bar/lounge area, and a spacious event hall with a capacity of 211 guests. Upstairs, a stunning 2,694 square foot, three-bedroom, two-bathroom loft apartment offers breathtaking city views and a charming outdoor veranda. This versatile space is ideal for an Airbnb rental or a private residence. The property's prime downtown location and dual-purpose functionality make it an attractive investment for both business owners and those seeking a unique lifestyle opportunity. The asking price is $995,900. This turnkey operation offers immediate income potential and significant long-term growth prospects. The combination of a successful event venue and a high-demand residential space creates a truly rare and valuable asset in the Carthage market. Don't miss this chance to acquire a property with exceptional earning potential and a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,165,648

  6.5%

  $1,999,059

  7%

  $1,856,269

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,849,907

  Geo Method

  $1,849,907

• Alternative Use

  Use

  Valuation

  Residential

  $1,686,281

  Hospitality

  $1,544,625

  Educational

  $1,285,110

  Medical

  $1,329,306

  Retail

  $1,999,059

Location Insight

City

Carthage

County

Smith

State

Tennessee

Latitude

36.2523

Longitude

-85.9524

CBSA code

34980

CBSA name

NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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