1444 Market StDayton, TN 37321
- Retail properties
- 9,160 SF
Property Details for 1444 Market St
- Year built
- 1920
- Lot size
- 0.12 AC
- Property size (Sq ft)
- 9,160 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 089L F 03000
- APU
- 089LF03000
Description
This exceptional mixed-use property at 1444 Market Street in Dayton, Tennessee, presents a unique investment opportunity. The 8,854 square foot building sits on a 0.12-acre lot and boasts a prime location on Market Street, offering excellent visibility and accessibility. Currently, the ground floor houses three thriving commercial office spaces, all enjoying direct street access. This provides a stable and immediate income stream for the new owner. Adding to the property's versatility are three residential apartments. One apartment is located on the ground floor, while two additional two-story apartments offer stunning views of Market Street. These apartments are ideally situated for enjoying local events such as the Dayton Christmas parade and the Strawberry Festival parade. The entire building has undergone a complete modernization, blending contemporary updates with the inherent charm of its location. This property is perfect for an investor seeking a blend of commercial and residential income, or for a business owner looking for a unique combination of office space and living quarters. The asking price is $950,000, representing a compelling opportunity in the vibrant Dayton market. This property offers a rare combination of income-generating potential and prime location, making it an exceptional investment.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,847,948
- 6.5%
- $2,628,876
- 7%
- $2,441,099
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,760,022
- Geo Method
- $4,502,609
-
Alternative Use
- Use
- Valuation
- Residential
- $2,217,555
- Hospitality
- $2,031,268
- Educational
- $1,689,991
- Medical
- $1,748,113
- Retail
- $2,628,876
Location Insight
- City
- Dayton
- County
- Rhea
- State
- Tennessee
- Latitude
- 35.4942
- Longitude
- -85.0126
- CBSA code
- 19420
- CBSA name
- DAYTON, TN MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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