111 Main StWaverly, TN 37185

Property Details for 111 Main St

Year built

1920

Lot size

0.05 AC

Property size (Sq ft)

2,904 SF

Property type

Office properties

Property subtype

Other office properties

APN

043064H E 01001

APU

043064HE01001

Description

This exceptional 2,816 square foot commercial office building is situated on a 0.04-acre lot in the heart of downtown Waverly, Tennessee. Currently utilized as a thriving commercial office space, this property presents a multitude of potential uses, making it an ideal investment opportunity. Its central location offers unparalleled accessibility and visibility within the vibrant Waverly business district. A key advantage is the inclusion of a separate apartment located above the office space, which is currently rented and occupied by a tenant who desires to remain. This provides immediate rental income and a stable revenue stream for the new owner. The building's solid construction and desirable location ensure a strong return on investment. The property is one of the few remaining commercial buildings available in downtown Waverly, representing a rare opportunity to acquire a well-established and versatile property in a thriving community. The existing tenant's desire to continue their lease adds to the property's immediate value and potential for long-term stability. This is a turnkey operation ready for a new owner to step in and continue the success or explore new business ventures. The combination of commercial space and rental apartment makes this a unique and highly attractive investment. Don't miss this chance to own a piece of Waverly's thriving downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $501,672

  6.5%

  $463,082

  7%

  $430,005

• Comparable approach

  Method

  Valuation

  Relative Method

  $249,976

  Geo Method

  $249,976

• Alternative Use

  Use

  Valuation

  Residential

  $574,222

  Hospitality

  $525,984

  Educational

  $437,612

  Medical

  $452,662

  Retail

  $680,730

Location Insight

City

Waverly

County

Humphreys

State

Tennessee

Latitude

36.0836

Longitude

-87.7954

Property Tax & Assessments

FAQs

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