1190 Ellington PkwyLewisburg, TN 37091

Property Details for 1190 Ellington Pkwy

Year built

2007

Lot size

3.70 AC

Property size (Sq ft)

13,258 SF

Property type

Retail properties

Property subtype

Banks

APN

059057O A 04600

APU

059057OA04600

Description

This exceptional 124.51-acre property in Lewisburg, Tennessee presents a unique investment opportunity. Situated atop a hill in Marshall County, it boasts breathtaking views and comprises two distinct residences and a substantial event center. The main home offers an open-concept layout, encompassing four spacious bedrooms, three and a half luxurious bathrooms, and three elegant fireplaces. Its expansive design is perfect for both comfortable living and grand entertaining. Outdoor amenities include a large swimming pool and ample space for gatherings, all overlooking the stunning landscape. A second, charming log cabin provides additional living space, featuring two bedrooms, two bathrooms, and a welcoming fireplace, complemented by a peaceful front porch. The property's centerpiece is an 8,900 square foot event center, fully equipped for hosting a variety of functions. This impressive facility includes a full bar, multiple rooms, public restrooms, and a professional kitchen, ensuring seamless execution of weddings, corporate retreats, and other large-scale events. City water and sewer services are connected to the property, adding to its convenience and functionality. This turnkey operation offers a rare blend of residential comfort and lucrative commercial potential, making it an ideal investment for discerning buyers seeking a unique and profitable venture in a picturesque setting.

• CAP approach

  CAP return

  Valuation

  6%

  $4,122,064

  6.5%

  $3,804,982

  7%

  $3,533,197

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,442,180

  Geo Method

  $2,875,946

• Alternative Use

  Use

  Valuation

  Residential

  $3,209,644

  Hospitality

  $2,940,017

  Educational

  $2,446,060

  Medical

  $2,530,184

  Retail

  $3,804,982

Location Insight

City

Lewisburg

County

Marshall

State

Tennessee

Latitude

35.4663

Longitude

-86.7876

CBSA code

30280

CBSA name

LEWISBURG, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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