11021 Nashville HwyLiberty, TN 37095

Property Details for 11021 Nashville Hwy

Year built

1955

Lot size

1.00 AC

Property size (Sq ft)

3,454 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Retail space

APN

021043 01904

APU

2104301904

Description

This unique commercial property, situated at 11021 Nashville Hwy E in Liberty, TN, presents a compelling investment opportunity. The 2,200 square foot building, formerly a service station, sits on a 1.15-acre lot and offers significant potential for redevelopment. While the structure shows character, it does have some fire damage in certain areas. However, electrical service has been restored, and cleanup and repainting of the bays are nearing completion (projected end of July). The building's foundation and roof are in good condition, ensuring structural integrity. The two spacious bays, totaling approximately 1100 square feet, provide ample space for a variety of commercial uses. The property's size and location make it suitable for various ventures, including automotive repair, retail, or office space. With some renovation and creative vision, this property can be transformed into a thriving business. The asking price is $80,000. This is a rare chance to acquire a distinctive commercial building with substantial upside potential in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $877,128

  6.5%

  $809,656

  7%

  $751,824

• Comparable approach

  Method

  Valuation

  Relative Method

  $749,247

  Geo Method

  $749,247

• Alternative Use

  Use

  Valuation

  Residential

  $682,976

  Hospitality

  $625,602

  Educational

  $520,493

  Medical

  $538,394

  Retail

  $809,656

Location Insight

City

Liberty

County

Dekalb

State

Tennessee

Latitude

36.0056

Longitude

-85.9842

Property Tax & Assessments

FAQs

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