1450 Old Belfast RdLewisburg, TN 37091

Property Details for 1450 Old Belfast Rd

Year built

1984

Lot size

0.10 AC

Property size (Sq ft)

624 SF

Property type

Retail properties

Property subtype

Retail space

APN

059071F A 04000

APU

059071FA04000

Description

This exceptional 615-square-foot mixed-use property, situated on a 0.1-acre lot at 1450 Old Belfast Rd in Lewisburg, TN, presents a compelling investment opportunity. The building has undergone a complete renovation, boasting a new parking lot, roof, insulation, flooring, windows, electrical system, plumbing (both interior and extending to the road), sheetrock, Hardy Board siding, gas line, HVAC system, and fixtures. Previously approved for restaurant use by the city, this versatile space is ideally suited for a variety of food service concepts, including coffee shops, fast-food drive-thrus, or full-service restaurants. Its strategic location within an industrial park ensures high visibility and accessibility. The property's recent comprehensive upgrades minimize immediate capital expenditures, allowing for a swift return on investment. The asking price is $115,000. Note that the furniture in the front room is not included in the sale. This turnkey property offers significant potential for immediate income generation and long-term growth. The industrial zoning provides flexibility for future expansion or adaptation to evolving market demands. Don't miss this chance to acquire a meticulously renovated commercial property in a prime Lewisburg location.

• CAP approach

  CAP return

  Valuation

  6%

  $194,009

  6.5%

  $179,085

  7%

  $166,293

• Comparable approach

  Method

  Valuation

  Relative Method

  $256,141

  Geo Method

  $272,505

• Alternative Use

  Use

  Valuation

  Residential

  $151,065

  Hospitality

  $138,375

  Educational

  $115,126

  Medical

  $119,085

  Retail

  $179,085

Location Insight

City

Lewisburg

County

Marshall

State

Tennessee

Latitude

35.4314

Longitude

-86.7596

CBSA code

30280

CBSA name

LEWISBURG, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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