110 Third AveCarthage, TN 37030

  • Retail properties
  • 8,528 SF
For Sale
$995,900 View listing

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
110 Third Ave, Carthage, Tennessee

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

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
0
-
$10,000
$96,280
$106,280
-
$25,000
$240,700
$265,700

FAQs

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