402 Main StLebanon, TN 37087
- Retail properties
- 1,725 SF
Property Details for 402 Main St
- Year built
- 1936
- Lot size
- 260.00 AC
- Property size (Sq ft)
- 1,725 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 067I B 01700
- APU
- 067IB01700
Description
This exceptional mixed-use property in Lebanon, TN, presents a unique investment opportunity. Located just three blocks from the town square and a half-mile from the fairgrounds, this 1,700 square foot property sits on a large, fully fenced 0.49-acre lot. Currently operating as a thriving winery and an antique shop, the property offers immediate income potential. The main building, used as the winery, has undergone recent renovations, including new flooring, separate new air conditioning units, and an updated kitchen area. It also features two bathrooms. The second building, currently an antique shop, is zoned commercial and offers versatile options for use as office space, a home rental, or a bakery, among other possibilities. The expansive lot and lack of restrictive zoning regulations provide significant flexibility for future development. Potential redevelopment projects could include condominiums, a boutique hotel, or a storage facility. This property's prime location, existing income streams, and development potential make it an attractive investment for discerning buyers. The second building includes one bathroom. This is a rare opportunity to acquire a substantial property with multiple income streams and significant upside potential in a desirable location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $438,056
- 6.5%
- $404,359
- 7%
- $375,477
-
Comparable approach
- Method
- Valuation
- Relative Method
- $374,190
- Geo Method
- $374,190
-
Alternative Use
- Use
- Valuation
- Residential
- $341,092
- Hospitality
- $312,439
- Educational
- $259,945
- Medical
- $268,885
- Retail
- $404,359
Location Insight
- City
- Lebanon
- County
- Wilson
- State
- Tennessee
- Latitude
- 36.2072
- Longitude
- -86.2846
- CBSA code
- 34980
- CBSA name
- NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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