524 Madison StShelbyville, TN 37160

Property Details for 524 Madison St

Year built

1974

Lot size

0.53 AC

Property size (Sq ft)

7,780 SF

Property type

Retail properties

Property subtype

Retail space

APN

002089B E 00300

APU

002089BE00300

Description

This exceptional 3,500-square-foot commercial property, located at 524 Madison Street in Shelbyville, Tennessee, presents a remarkable opportunity for a discerning business owner. Previously occupied by a Family Dollar, this single-tenant building has undergone a complete renovation. The property boasts all-new plumbing, electrical systems, and HVAC, ensuring modern and efficient operation. A significant upgrade includes a large, resurfaced parking lot, providing ample space for customers and employees. Inside, the space is versatile, suitable for retail, restaurant, or office use. The layout includes a spacious main area, along with dedicated office and storage space in the rear. Accessibility is ensured with ADA-compliant men's and women's restrooms. The property sits on a 0.53-acre lot in Bedford County, offering excellent visibility and accessibility on a busy thoroughfare. This turnkey solution eliminates the need for extensive renovations, allowing a new business to focus on growth and success. The location is unparalleled in Shelbyville, offering an ideal environment for any business seeking a high-traffic, well-maintained space. This is a truly exceptional opportunity to establish a thriving business in a prime Shelbyville location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,418,891

  6.5%

  $2,232,822

  7%

  $2,073,335

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,193,556

  Geo Method

  $3,824,268

• Alternative Use

  Use

  Valuation

  Residential

  $1,883,469

  Hospitality

  $1,725,248

  Educational

  $1,435,386

  Medical

  $1,484,751

  Retail

  $2,232,822

Location Insight

City

Shelbyville

County

Bedford

State

Tennessee

Latitude

35.4877

Longitude

-86.4514

CBSA code

43180

CBSA name

SHELBYVILLE, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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