114 Church StWaverly, TN 37185
- Retail properties
- 14,614 SF
Property Details for 114 Church St
- Year built
- 1910
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.24 AC
- Property size (Sq ft)
- 14,614 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 043064H G 00200
- APU
- 043064HG00200
Description
This exceptional restaurant space, located at 114 N Church St, Unit A in historic downtown Waverly, Tennessee, offers 2,900 square feet of recently built-out space within a 14,400 square foot multi-tenant building. The unit boasts a large, well-equipped kitchen, ample storage in the form of office/store rooms, and two convenient bathrooms. A permitted seating area is already in place, ready for immediate use. The property's prime location offers excellent visibility and accessibility, with plentiful parking directly in front of the building and within easy walking distance of all the businesses in the court square. This vibrant downtown location ensures high foot traffic and a strong customer base. The lease terms are flexible, allowing for adaptability to your business needs. Utilities are paid separately from the base rent. The property sits on a 0.23-acre lot. This is a fantastic opportunity for a restaurant or cafe seeking a thriving location in a charming Tennessee town. The space is immediately available.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,711,160
- 6.5%
- $3,425,686
- 7%
- $3,180,994
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,170,092
- Geo Method
- $3,170,092
-
Alternative Use
- Use
- Valuation
- Residential
- $2,889,694
- Hospitality
- $2,646,945
- Educational
- $2,202,227
- Medical
- $2,277,965
- Retail
- $3,425,686
Location Insight
- City
- Waverly
- County
- Humphreys
- State
- Tennessee
- Latitude
- 36.0839
- Longitude
- -87.7941
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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