1085 Ellington PkwyLewisburg, TN 37091

  • Healthcare properties
  • 2,176 SF
For Sale
$399,900 View listing

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
1085 Ellington Pkwy, Lewisburg, Tennessee

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$3,613
$32,520
$46,040
$78,560
-
$81,300
$115,100
$196,400

FAQs

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