1085 Ellington PkwyLewisburg, TN 37091

Property Details for 1085 Ellington Pkwy

Year built

1972

Lot size

0.23 AC

Property size (Sq ft)

2,176 SF

Property type

Medical offices

Property subtype

Medical centers

APN

059064A C 00900

APU

059064AC00900

Description

This exceptional 2,176 square foot, full-brick building presents a unique investment opportunity in Lewisburg, TN. Situated on a 0.2-acre lot (100x100 feet), this property boasts a prime location with high traffic flow and excellent visibility, making it ideal for a variety of uses. Currently configured as two separate office spaces, the building offers flexibility for both owner-occupancy and rental income. The left side, encompassing 992 square feet, is currently leased to a Hearing Aide Center. The right side, a former 1,184 square foot dental office, is vacant and ready for immediate occupancy or lease. Each side features two half-baths, a dedicated office area, a lobby/waiting area, walk-in closets, and two separate entrances. Individual electric meters and central heating/air conditioning units provide efficient utility management. The building is in good condition and easily shown, making it an attractive prospect for both investors seeking rental income and businesses looking for a well-maintained space. This property offers a compelling blend of immediate income potential and future growth opportunities. Priced at $399,900.

• CAP approach

  CAP return

  Valuation

  6%

  $460,234

  6.5%

  $424,831

  7%

  $394,486

• Comparable approach

  Method

  Valuation

  Relative Method

  $354,449

  Geo Method

  $187,310

• Alternative Use

  Use

  Valuation

  Residential

  $526,790

  Hospitality

  $482,537

  Educational

  $401,465

  Medical

  $415,272

  Retail

  $624,501

Location Insight

City

Lewisburg

County

Marshall

State

Tennessee

Latitude

35.4641

Longitude

-86.7868

CBSA code

30280

CBSA name

LEWISBURG, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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