200 Broadway StPortland, TN 37148

Property Details for 200 Broadway St

Year built

1977

Lot size

1.02 AC

Property size (Sq ft)

5,366 SF

Property type

Office properties

APN

083033H H 02601

APU

083033HH02601

Description

This exceptional mixed-use property, located at 200 Broadway St S in the heart of Portland, Tennessee, presents a unique investment opportunity. The 3,518 square foot building sits on a 1.44-acre lot and boasts a prime location with high traffic counts. Its previous uses as a bank and employment agency highlight its versatility and suitability for a range of businesses. The property benefits from extensive street frontage along South Broadway Street and Market Street, providing excellent visibility and accessibility. A rear access road and a substantial parking area further enhance its appeal, complemented by a drive-thru carport. The property's significant advantages include its size, location, and parking capabilities, making it ideal for a variety of commercial ventures. Adding to its value is the inclusion of a vacant lot (tax ID 033H H 027.00), offering potential for expansion or future development. This combined offering presents a rare chance to acquire a substantial commercial property in a thriving Tennessee town, with the potential for significant return on investment. The property's strategic location and versatile layout make it an attractive prospect for savvy investors seeking a strong foothold in the Portland market. The ample parking and convenient access points are key features that will appeal to a wide range of potential tenants. The inclusion of the adjacent vacant lot provides additional flexibility and development possibilities. This is a truly exceptional opportunity not to be missed.

• CAP approach

  CAP return

  Valuation

  6%

  $926,988

  6.5%

  $855,681

  7%

  $794,561

• Comparable approach

  Method

  Valuation

  Relative Method

  $461,905

  Geo Method

  $461,905

• Alternative Use

  Use

  Valuation

  Residential Income

  $1,061,044

  Hospitality / Lodging

  $971,911

  Institutional / Educational

  $808,618

  Healthcare / Senior Housing

  $836,428

  Retail / Commercial

  $1,257,851

Location Insight

City

Portland

County

Sumner

State

Tennessee

Latitude

36.5793

Longitude

-86.5151

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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