4950 Highway 48Nunnelly, TN 37137

Property Details for 4950 Highway 48

Year built

1995

Lot size

0.35 AC

Property size (Sq ft)

1,866 SF

Property type

Retail space

APN

041035 00901

APU

4103500901

Description

This exceptional 1,312 square foot mixed-use property, located at 4950 Highway 48 N in Nunnelly, Tennessee, presents a rare opportunity for entrepreneurs and investors. Situated on a 0.75-acre lot, this well-maintained building boasts significant curb appeal and is ideally positioned just 45 minutes from Nashville and near the scenic Piney River. Its prime location offers easy access for both local residents and tourists seeking a unique countryside experience. The property's versatile design lends itself to a variety of commercial uses, including but not limited to restaurants, boutiques, event venues, or other creative ventures. The ample outdoor space provides significant potential for seating areas, outdoor events, or additional development. The building's rustic charm and historic character offer a captivating backdrop for any business. City water is available. This is a remarkable chance to establish a thriving business in a picturesque setting, capitalizing on the growing interest in rural retreats and unique commercial spaces. The property's blend of historical character and modern convenience makes it an exceptional investment opportunity with significant upside potential. Don't miss this chance to create something truly special in a desirable location. Priced at $228,000.

• CAP approach

  CAP return

  Valuation

  6%

  $473,862

  6.5%

  $437,411

  7%

  $406,168

• Comparable approach

  Method

  Valuation

  Relative Method

  $404,776

  Geo Method

  $404,776

• Alternative Use

  Use

  Valuation

  Residential

  $368,973

  Hospitality

  $337,977

  Educational

  $281,193

  Medical

  $290,864

  Retail

  $437,411

Location Insight

City

Nunnelly

County

Hickman

State

Tennessee

Latitude

35.9127

Longitude

-87.475

CBSA code

34980

CBSA name

NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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