1444 Market StDayton, TN 37321

  • Retail properties
  • 9,160 SF
For Sale
$950,000 View listing

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
1444 Market St, Dayton, Tennessee

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$13,360
$217,600
$230,960
-
$33,400
$544,000
$577,400

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