193 Brown JctCenterville, TN 37033

Property Details for 193 Brown Jct

Year built

2008

Construction

FRAME

Lot size

1.01 AC

Property size (Sq ft)

6,225 SF

Property type

Medical offices

Property subtype

Medical centers

APN

041107D A 00500

APU

041107DA00500

Description

This 6,225 square foot retail property in Centerville, TN, presents a compelling redevelopment or lease-up opportunity. Located on a 1.01-acre lot at 193 Brown Junction, this former Fresenius Medical Care facility offers excellent visibility due to its prominent location along Brown Junction, a thoroughfare leading to State Highway 100 (7,580 vehicles per day). The property boasts a large monument sign and benefits from its proximity to numerous national and regional tenants, including Dollar General, Cash Express, and Valspar, creating a strong commercial presence. The site is zoned C-2 (Commercial District) and includes 24 parking spaces. Built in 2007, the building features 6,225 square feet and is offered at $1,500,000 ($240.96/SF). The property's strategic location is further enhanced by its proximity to Ascension Saint Thomas Hickman Hospital, a 65-bed facility, and Centerville Municipal Airport. The 5-mile trade area boasts a population exceeding 5,700 residents and 2,100 daytime employees, with an average household income of $71,208. The current lease expires in December 2024, providing a new owner with over a year of cash flow to plan for redevelopment or secure a new tenant. This fee simple ownership (land and building) presents a tremendous value with excellent visibility and strong demographics.

• CAP approach

  CAP return

  Valuation

  6%

  $1,075,382

  6.5%

  $992,660

  7%

  $921,756

• Comparable approach

  Method

  Valuation

  Relative Method

  $535,848

  Geo Method

  $535,848

• Alternative Use

  Use

  Valuation

  Residential

  $1,230,898

  Hospitality

  $1,127,496

  Educational

  $938,064

  Medical

  $970,325

  Retail

  $1,459,210

Location Insight

City

Centerville

County

Hickman

State

Tennessee

Latitude

35.7833

Longitude

-87.4673

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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