306 Public SqCenterville, TN 37033

Property Details for 306 Public Sq

Year built

1900

Lot size

0.05 AC

Property size (Sq ft)

3,463 SF

Property type

Retail properties

Property subtype

Retail space

APN

041107E H 01200

APU

041107EH01200

Description

This exceptional mixed-use property, located at 306 N Public Sq in the charming town of Centerville, Tennessee, presents a rare investment opportunity. Spanning 4,200 square feet on a 0.05-acre lot, this historic building seamlessly blends old-world charm with modern functionality. The ground floor currently houses a well-established and profitable salon, a beloved local business with a loyal clientele, ensuring a consistent income stream. Above the salon, three updated residential rental units provide additional revenue potential. These units have been thoughtfully renovated, incorporating modern amenities while preserving their historic character, making them highly sought-after by tenants. The building itself has undergone significant maintenance and upgrades, including updated electrical wiring, plumbing, and a modern HVAC system, ensuring long-term efficiency and minimal maintenance costs. This turnkey investment offers a unique blend of commercial and residential income, making it an ideal opportunity for investors seeking a strong return on investment in a vibrant and growing community. The property's prime downtown location provides excellent visibility and accessibility, further enhancing its appeal and potential for future growth. This is a chance to own a piece of Centerville's history and secure a profitable future. The asking price is $399,000.

• CAP approach

  CAP return

  Valuation

  6%

  $879,413

  6.5%

  $811,766

  7%

  $753,783

• Comparable approach

  Method

  Valuation

  Relative Method

  $751,200

  Geo Method

  $751,200

• Alternative Use

  Use

  Valuation

  Residential

  $684,755

  Hospitality

  $627,232

  Educational

  $521,850

  Medical

  $539,797

  Retail

  $811,766

Location Insight

City

Centerville

County

Hickman

State

Tennessee

Latitude

35.7792

Longitude

-87.4665

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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