2848 Highway 48Nunnelly, TN 37137

Property Details for 2848 Highway 48

Year built

1973

Lot size

1.00 AC

Property size (Sq ft)

5,393 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

041071 00801

APU

4107100801

Description

This exceptional mixed-use property, located at 2848 Hwy 48 N in Nunnelly, Tennessee, presents a unique investment opportunity. The 5,333 square foot building sits on a one-acre lot, offering ample space for a variety of commercial ventures. Currently operating as a well-established and popular local restaurant, this property benefits from significant existing infrastructure and a loyal customer base. The sale price is $650,000. The existing restaurant equipment and supplies are available for negotiation and may be included in the sale, providing a seamless transition for a new owner. The high visibility location on Highway 48 N ensures excellent exposure to a steady stream of potential customers. This property is ideal for an entrepreneur looking to establish or expand their business in a thriving community. The one-acre lot offers potential for future expansion or development, adding further value to this already attractive investment. The building's size and layout are versatile enough to accommodate a range of commercial uses, making it a highly desirable asset in the Nunnelly market. This turnkey opportunity combines the benefits of an established business with the potential for future growth and development. Don't miss this chance to own a piece of Nunnelly's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,369,528

  6.5%

  $1,264,180

  7%

  $1,173,881

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,169,858

  Geo Method

  $1,169,858

• Alternative Use

  Use

  Valuation

  Residential

  $1,066,383

  Hospitality

  $976,801

  Educational

  $812,687

  Medical

  $840,637

  Retail

  $1,264,180

Location Insight

City

Nunnelly

County

Hickman

State

Tennessee

Latitude

35.851

Longitude

-87.4513

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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