611 Highway 52 BypLafayette, TN 37083

Property Details for 611 Highway 52 Byp

Year built

1991

Lot size

1.30 AC

Property size (Sq ft)

844 SF

Property type

Retail space

APN

056059F B 00801

APU

056059FB00801

Description

This exceptional 11.41-acre mixed-use property presents a rare investment opportunity in the thriving city of Lafayette, Tennessee. Located directly across from the new Macon County Courthouse, this strategically positioned land boasts an impressive 1000 feet of road frontage along the new Highway 52 Bypass, ensuring unparalleled visibility and accessibility. Its prime location places it in the heart of Lafayette, just a short distance from a Walmart Supercenter, solidifying its position in the town's most desirable commercial area. The expansive acreage offers significant development potential for a variety of uses, catering to the growing needs of the community. The property's high traffic count and proximity to key civic and retail establishments make it an ideal site for a diverse range of commercial ventures, from retail spaces and restaurants to professional offices and light industrial facilities. This is a once-in-a-lifetime chance to acquire a substantial parcel of land in a rapidly expanding market, offering substantial returns for the discerning investor. The property's size and location combine to create a truly unique opportunity to establish a significant presence in the heart of Lafayette. Don't miss this chance to secure a piece of Lafayette's vibrant future. The asking price is $1,400,000.

• CAP approach

  CAP return

  Valuation

  6%

  $214,330

  6.5%

  $197,843

  7%

  $183,711

• Comparable approach

  Method

  Valuation

  Relative Method

  $183,082

  Geo Method

  $183,082

• Alternative Use

  Use

  Valuation

  Residential

  $166,888

  Hospitality

  $152,869

  Educational

  $127,185

  Medical

  $131,559

  Retail

  $197,843

Location Insight

City

Lafayette

County

Macon

State

Tennessee

Latitude

36.5153

Longitude

-86.0115

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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