1175 Ellington PkwyLewisburg, TN 37091

Property Details for 1175 Ellington Pkwy

Year built

1975

Construction

FRAME

Lot size

0.50 AC

Property size (Sq ft)

8,900 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

059064A C 00700

APU

059064AC00700

Description

This exceptional 8,400 square foot retail property presents a compelling investment opportunity in Lewisburg, Tennessee's burgeoning commercial district. Situated on a half-acre lot at 1175 N Ellington Pkwy, the property boasts two currently leased units, generating immediate income. A significant portion of the building, measuring 2,714 square feet, is currently vacant but offers considerable flexibility. This space could easily be subdivided into two additional units, increasing rental income and maximizing the property's potential. The existing infrastructure includes pre-installed and state-compliant underground fuel tanks, presenting a unique opportunity to add gas pumps to the property, further enhancing its value and revenue streams. This prime location in a rapidly developing area ensures strong potential for future growth and appreciation. The property's size, existing tenancy, and expansion possibilities make it an ideal investment for both seasoned and emerging commercial real estate investors seeking a high-return opportunity in a thriving market. The asking price of $950,000 reflects the property's significant potential and current income generation. This is a rare chance to acquire a versatile retail property with immediate income and substantial upside in a dynamic and promising location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,767,112

  6.5%

  $2,554,257

  7%

  $2,371,810

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,653,296

  Geo Method

  $1,930,602

• Alternative Use

  Use

  Valuation

  Residential

  $2,154,611

  Hospitality

  $1,973,612

  Educational

  $1,642,022

  Medical

  $1,698,494

  Retail

  $2,554,257

Location Insight

City

Lewisburg

County

Marshall

State

Tennessee

Latitude

35.4649

Longitude

-86.788

CBSA code

30280

CBSA name

LEWISBURG, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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