3604 Highway 48Charlotte, TN 37036

Property Details for 3604 Highway 48

Year built

1988

Lot size

0.36 AC

Property size (Sq ft)

5,775 SF

Property type

Retail properties

Property subtype

Auto shops

APN

065E C 01100

APU

065EC01100

Description

This exceptional commercial property, located at 3604 Highway 48 N in Charlotte, Tennessee, presents a unique investment opportunity. Boasting 3,780 square feet on a 0.3-acre lot, this property enjoys a highly desirable location with 196 feet of road frontage on a major thoroughfare. The building features a substantial separate office area complete with its own restroom, providing ample space for administrative functions or a separate tenant. A six-bay garage offers significant storage or workshop capabilities, adding to the property's versatility. The property's prime location on Highway 48 ensures high visibility and accessibility, benefiting from consistent through-traffic from Clarksville, Ashland City, Dickson, and Nashville. Its proximity to the city center, restaurants, the historic court square, the new justice center, and a grocery store enhances its appeal and potential for various business ventures. Furthermore, there's a possibility of acquiring additional adjacent land to create a full city block, as shown in the accompanying photographs, presenting an opportunity for significant expansion. This family-owned property, held since the early 1970s, offers a rare chance to own a well-established commercial space in a thriving Tennessee town. The asking price is $1,200,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,466,536

  6.5%

  $1,353,725

  7%

  $1,257,030

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,252,722

  Geo Method

  $1,252,722

• Alternative Use

  Use

  Valuation

  Residential

  $1,141,918

  Hospitality

  $1,045,990

  Educational

  $870,252

  Medical

  $900,181

  Retail

  $1,353,725

Location Insight

City

Charlotte

County

Dickson

State

Tennessee

Latitude

36.177

Longitude

-87.3415

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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