1085 Ellington PkwyLewisburg, TN 37091
- Healthcare properties
- 2,176 SF
Property Details for 1085 Ellington Pkwy
- Year built
- 1972
- Lot size
- 0.23 AC
- Property size (Sq ft)
- 2,176 SF
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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