2104 Ruth StSpringfield, TN 37172

Property Details for 2104 Ruth St

Year built

1992

Construction

FRAME

Lot size

0.59 AC

Property size (Sq ft)

3,960 SF

Property type

Retail properties

Property subtype

Retail space

APN

074091F A 00700

APU

074091FA00700

Description

This exceptional mixed-use commercial property, located at 2104 Ruth Street in Springfield, Tennessee, presents a unique investment opportunity. The 3,000 square foot building sits on a 0.59-acre lot and offers a diverse range of spaces ideal for a variety of businesses. Previously operated as a florist shop, the property boasts a spacious showroom area, perfect for showcasing products or services. Additional space includes a dedicated office area, a functional workroom, ample storage space, and a surprisingly comfortable upstairs apartment. The layout is flexible and adaptable, allowing for customization to suit the needs of a new owner. The building's location in Springfield offers excellent visibility and accessibility, making it an attractive proposition for entrepreneurs and investors alike. The asking price of $925,000 reflects the property's significant potential and its prime location within the thriving Springfield community. This is a rare opportunity to acquire a versatile commercial property with a proven track record and significant upside. The combination of commercial space and residential accommodation makes this a truly unique and attractive investment. Serious inquiries are encouraged to explore the possibilities this property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $1,005,624

  6.5%

  $928,269

  7%

  $861,964

• Comparable approach

  Method

  Valuation

  Relative Method

  $859,010

  Geo Method

  $859,010

• Alternative Use

  Use

  Valuation

  Residential

  $783,029

  Hospitality

  $717,251

  Educational

  $596,744

  Medical

  $617,267

  Retail

  $928,269

Location Insight

City

Springfield

County

Robertson

State

Tennessee

Latitude

36.4899

Longitude

-86.8775

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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