202 Main StDecherd, TN 37324

Property Details for 202 Main St

Year built

1900

Lot size

0.06 AC

Property size (Sq ft)

2,288 SF

Property type

Retail space

APN

026056O E 02001

APU

026056OE02001

Description

This prime commercial property located at 202 E Main St, Decherd, TN 37324, presents a fantastic investment opportunity. The asking price is $300,000 for two commercial buildings situated on a 0.07-acre lot. Boasting over 4,000 square feet of space, these buildings offer significant income potential. Their convenient location on E Main St ensures high visibility and traffic, making them ideal for a variety of retail businesses. Key features include easy access, ample front door parking, substantial storage space, and recently updated bathrooms. The flexible layout allows for a single large business or the possibility of separating the buildings into two distinct rental units, maximizing rental income. The seller is motivated and encourages offers. This property is a rare find in a high-demand area, offering a unique chance to establish or expand a thriving commercial enterprise. The buildings are being sold only; the land is included in the sale. Don't miss this chance to own a piece of Decherd's vibrant commercial landscape. Act quickly, as this property is expected to sell fast.

• CAP approach

  CAP return

  Valuation

  6%

  $711,365

  6.5%

  $656,645

  7%

  $609,742

• Comparable approach

  Method

  Valuation

  Relative Method

  $939,184

  Geo Method

  $1,124,669

• Alternative Use

  Use

  Valuation

  Residential

  $553,905

  Hospitality

  $507,374

  Educational

  $422,129

  Medical

  $436,647

  Retail

  $656,645

Location Insight

City

Decherd

County

Franklin

State

Tennessee

Latitude

35.2097

Longitude

-86.0774

CBSA code

46100

CBSA name

TULLAHOMA, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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