9122 Lewisburg HwyCornersville, TN 37047

  • Retail space
  • 740 SF
For Sale
$3,200,000 View listing

Property Details for 9122 Lewisburg Hwy

Year built
1997
Property size (Sq ft)
740 SF
Property type
Retail space
APN
028046 01801 001
APU
2804601801001

Description

This exceptional mixed-use property presents a unique investment opportunity in Cornersville, Tennessee. Located on one acre of land directly off I-65 exit 22, this 3,000 square foot facility houses Libby's Towing and Truck Repair, a well-established business operating for over five decades. The sale includes the established business, its fully equipped fleet of trucks, and all necessary assets for immediate operation. The property features a fenced and gated lot, providing ample secure space for vehicles and equipment. The existing office structures are included in the sale, ensuring a seamless transition for the new owner. This turnkey operation offers a predictable revenue stream and significant potential for expansion, leveraging its strategic location on a major interstate. The business enjoys a strong reputation within the community, providing a solid foundation for continued success. This is a rare chance to acquire a profitable, established business with significant growth potential in a high-traffic location. The asking price is $3,200,000. This represents a compelling investment in a well-positioned, established business with a proven track record.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $180,807
    6.5%
    $166,899
    7%
    $154,977
  • Comparable approach

    Method
    Valuation
    Relative Method
    $125,360
    Geo Method
    $150,118
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $327,388
    Mixed-Use / Specialty
    $165,528
    Hospitality / Lodging
    $120,433
    Office
    $163,737
    Institutional / Educational
    $171,805
    Residential Income
    $201,012
    Multifamily
    $245,383
    Automotive / Energy
    $147,262
    Parking / Income-Based Land
    $51,584.40
    Restaurant / Food Service
    $84,437.30
    Healthcare / Senior Housing
    $170,541

Location Insight

City
Cornersville
County
Giles
State
Tennessee
Latitude
35.3025
Longitude
-86.8861

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
2023
$840
$23,920
$18,360
$42,280
-
$59,800
$45,900
$105,700

FAQs

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