329 Main StSpringfield, TN 37172

Property Details for 329 Main St

Year built

1958

Lot size

0.19 AC

Property size (Sq ft)

3,864 SF

Property type

Office properties

Property subtype

Other office properties

APN

074080G D 02100

APU

074080GD02100

Description

This exceptional 3,778 square foot office building is ideally situated at 329 N Main St, Springfield, TN, offering convenient access to the city square and municipal offices. Recently updated, this versatile property boasts a fresh exterior paint job (2023), energy-efficient LED lighting (2023), a newer HVAC system (2019), and a roof approximately from 2012. The interior is clean and bright, featuring a spacious front foyer/lobby leading to a large, open 50x47 foot room. This main area is complemented by an interior office with windows overlooking the open space, and two to four additional offices or storage rooms, providing ample flexibility for various business needs. The building also includes his-and-hers bathrooms and two storage/mechanical closets. Parking is readily available in front, rear, and on the side street, ensuring convenience for employees and clients. Furthermore, this property presents a unique opportunity for future expansion, with approval already granted for upward construction to a height of 70 feet. The building will be available for possession on February 1, 2026. This is a rare opportunity to acquire a well-maintained, centrally located office building with significant growth potential in a thriving Tennessee community. The 0.19-acre lot provides ample space for current and future needs.

• CAP approach

  CAP return

  Valuation

  6%

  $667,514

  6.5%

  $616,167

  7%

  $572,155

• Comparable approach

  Method

  Valuation

  Relative Method

  $332,613

  Geo Method

  $332,613

• Alternative Use

  Use

  Valuation

  Residential

  $764,047

  Hospitality

  $699,863

  Educational

  $582,278

  Medical

  $602,303

  Retail

  $905,765

Location Insight

City

Springfield

County

Robertson

State

Tennessee

Latitude

36.5109

Longitude

-86.885

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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