216 Commerce StWaverly, TN 37185

Property Details for 216 Commerce St

Year built

1924

Lot size

0.52 AC

Property size (Sq ft)

10,000 SF

Property type

Land

Property subtype

Commercial land

APN

043064H J 01000

APU

043064HJ01000

Description

This exceptional 1.69-acre commercial lot at 216 E Commerce St, Waverly, TN, presents a unique investment opportunity. Located at a high-traffic intersection in Waverly, this pad-ready site boasts black asphalt millings and is conveniently situated with city water and other utility mains already in place beneath Commerce Street. The presence of an adjacent gas main and a nearby fire hydrant further enhances its practicality and value. This site enjoys a rich history, having successfully housed a farm/feed/U-Haul business for over 30 years, demonstrating its proven commercial viability. The property has been strategically developed with the building site raised above the flood elevation benchmark, and is awaiting updated FEMA flood maps. Potential buyers should explore the possibility of developing a three-story apartment building or townhomes, subject to applicable zoning regulations (available in uploaded documents). Seller financing is available, making this an even more attractive proposition for discerning investors seeking a prime location with significant development potential in a thriving Tennessee community. The property is priced at $695,000.

• Alternative Use

  Use

  Valuation

  Residential

  $1,977,347

  Hospitality

  $1,811,239

  Educational

  $1,506,930

  Medical

  $1,558,755

  Retail

  $2,344,113

Location Insight

City

Waverly

County

Humphreys

State

Tennessee

Latitude

36.0856

Longitude

-87.7896

Property Tax & Assessments

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