1129 Louisville HwyGoodlettsville, TN 37072

Property Details for 1129 Louisville Hwy

Year built

1995

Construction

FRAME

Lot size

7.20 AC

Property size (Sq ft)

12,760 SF

Property type

Retail space

APN

083140 01702

APU

8314001702

Description

This exceptional 17.68-acre retail property presents a significant investment opportunity in the thriving Goodlettsville, TN market. Located at 1129 Louisville Highway, this expansive site boasts a substantial 12,000-square-foot former supermarket building, offering immense potential for redevelopment or repurposing. The property benefits from a highly visible location on a major thoroughfare (31W), enjoying an impressive daily traffic count exceeding 10,000 vehicles. With over 55 parking spaces available, ample customer convenience is ensured. The extensive road frontage of 580 feet along 31W provides exceptional visibility and accessibility. The property's size and location make it ideal for a variety of retail uses, offering significant potential for growth and return on investment. This offering includes the former Save-A-Lot building and the entire 17.68-acre parcel. Note that a separate listing (MLS#2625742) exists for a building on a 7-acre portion of this land. This presents a unique opportunity to acquire a substantial retail property in a high-traffic area with significant development potential. The property's size and location in Goodlettsville, TN, offer a compelling investment opportunity for discerning buyers. Serious inquiries are encouraged to explore the possibilities of this remarkable retail site.

• CAP approach

  CAP return

  Valuation

  6%

  $3,240,345

  6.5%

  $2,991,088

  7%

  $2,777,439

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,767,920

  Geo Method

  $2,767,920

• Alternative Use

  Use

  Valuation

  Residential

  $2,523,094

  Hospitality

  $2,311,141

  Educational

  $1,922,842

  Medical

  $1,988,972

  Retail

  $2,991,088

Location Insight

City

Goodlettsville

County

Sumner

State

Tennessee

Latitude

36.3641

Longitude

-86.7088

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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