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 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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].