4870 Main StErin, TN 37061

  • Retail space
  • 1,749 SF
For Sale
$125,000 View listing

Property Details for 4870 Main St

Year built
1948
Lot size
0.25 AC
Property size (Sq ft)
1,749 SF
Property type
Retail space
APN
042020O D 00700
APU
042020OD00700

Description

This 1,570 square foot mixed-use building is ideally situated on Main Street in downtown Erin, Tennessee, offering exceptional visibility and accessibility. Currently operating as a successful pet grooming and boarding facility ("Boopin Snoots"), this versatile property presents a unique opportunity for a variety of commercial ventures. The 0.15-acre lot provides ample space for potential expansion or outdoor amenities. The building's commercial zoning allows for a wide range of uses, making it an attractive investment for entrepreneurs seeking a high-traffic location. The property is located at 4870 E Main St, Erin, TN 37061, placing it within the heart of the town's commercial district. Its existing infrastructure, established as a pet care business, could easily be adapted to suit a new owner's needs, minimizing initial setup costs. The asking price of $125,000 represents a compelling value for a property with such strong location advantages and flexible zoning. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Tennessee town. Serious inquiries are encouraged to explore the potential of this versatile and profitable asset. The property is ready for immediate occupancy and offers significant potential for growth and return on investment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $444,151
    6.5%
    $409,985
    7%
    $380,701
  • Comparable approach

    Method
    Valuation
    Relative Method
    $379,396
    Geo Method
    $379,396
  • Alternative Use

    Use
    Valuation
    Residential
    $345,838
    Hospitality
    $316,786
    Educational
    $263,562
    Medical
    $272,626
    Retail
    $409,985

Location Insight

City
Erin
County
Houston
State
Tennessee
Latitude
36.3192
Longitude
-87.6912

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
-
$5,360
$12,800
$18,160
-
$13,400
$32,000
$45,400

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