119 Walling StMcMinnville, TN 37110

Property Details for 119 Walling St

Year built

1994

Lot size

0.09 AC

Property size (Sq ft)

1,971 SF

Property type

Retail properties

Property subtype

Auto shops

APN

089068D E 01300

APU

089068DE01300

Description

This vacant, mixed-use building in McMinnville, Tennessee presents a unique investment opportunity. Located at 119 Walling St, 37110, this 3,990 square foot property sits on a lot ranging from 40,000 to 50,000 square feet. Built in 1994, the building is classified as Class B and features three garage bays, one of which includes a fully functional paint booth with existing equipment. The asking price is $300,000, translating to $75.19 per square foot. Beyond the garage bays, the property also includes a dedicated office area and a bathroom, offering versatility for a variety of potential uses. The property's previous use as a body shop provides a solid foundation for a similar business or allows for creative repurposing. Its spacious lot offers ample room for expansion or outdoor storage. This is an excellent opportunity for an investor seeking a versatile property in a convenient location. The property is currently vacant, allowing for immediate occupancy and customization to suit the buyer's needs. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $612,806

  6.5%

  $565,667

  7%

  $525,263

• Comparable approach

  Method

  Valuation

  Relative Method

  $809,062

  Geo Method

  $968,847

• Alternative Use

  Use

  Valuation

  Residential

  $477,162

  Hospitality

  $437,078

  Educational

  $363,643

  Medical

  $376,150

  Retail

  $565,667

Location Insight

City

Mc Minnville

County

Warren

State

Tennessee

Latitude

35.6836

Longitude

-85.7694

CBSA code

32660

CBSA name

MCMINNVILLE, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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