110 Third AveCarthage, TN 37030
- Retail properties
- 8,528 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
FAQs
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