304 Main StWoodbury, TN 37190

Property Details for 304 Main St

Year built

1930

Lot size

0.03 AC

Property size (Sq ft)

4,340 SF

Property type

Retail space

APN

008039J B 02900

APU

008039JB02900

Description

This exceptional mixed-use property presents a unique investment opportunity in the heart of Woodbury, Tennessee. Encompassing four parcels totaling 24,048 square feet on a 0.44-acre lot, this property boasts a rich history and prime location. The buildings, situated at 102 N Tatum St., and 304, 306, and 308 W Main St., front the picturesque Public Square and W Main St., offering unparalleled visibility and accessibility. The property's history is as captivating as its potential: it includes former locations of City Hall, the Bank of Woodbury (complete with an intact vault!), Woodson's Pharmacy, real estate offices, a photography studio, a medical center, and the iconic Woodbury Theater. This rich history provides a unique character and charm, while the substantial square footage offers significant redevelopment potential. A recent survey has been completed, streamlining the process for future projects. Ample on-site and public parking is readily available. This is a rare chance to acquire a significant piece of Woodbury's heritage and shape its future. The property is offered as a single package, presenting a compelling opportunity for investors and developers alike. The asking price is $895,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,102,124

  6.5%

  $1,017,345

  7%

  $944,677

• Comparable approach

  Method

  Valuation

  Relative Method

  $941,440

  Geo Method

  $941,440

• Alternative Use

  Use

  Valuation

  Residential

  $858,168

  Hospitality

  $786,078

  Educational

  $654,007

  Medical

  $676,500

  Retail

  $1,017,345

Location Insight

City

Woodbury

County

Cannon

State

Tennessee

Latitude

35.8279

Longitude

-86.0716

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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