300 Main StDecherd, TN 37324
- Retail properties
- 4,269 SF
Property Details for 300 Main St
- Year built
- 1900
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.05 AC
- Property size (Sq ft)
- 4,269 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 026056O E 02600
- APU
- 026056OE02600
Description
This exceptional investment opportunity encompasses two adjacent mixed-use buildings located at 300 and 302 E Main St, Decherd, TN. The combined property boasts a substantial 5,000 square feet of space situated on a 0.09-acre lot. Currently generating income, the property is fully leased to Vision Church, providing a stable and reliable cash flow for the new owner. This presents a rare chance to acquire a turnkey investment in a thriving Tennessee community. The individual tax IDs for the properties are 056O E026.00 (300 E Main St) and 056O E 026.01 (302 E Main St). The asking price for this combined property is $392,500, offering a compelling return on investment. The property's mixed-use zoning allows for a variety of potential future uses, making it an adaptable and valuable asset. This is an excellent opportunity for investors seeking a stable, income-producing property with significant upside potential. The current lease agreement with Vision Church provides a strong foundation for immediate returns, while the property's versatility allows for future growth and adaptation to changing market demands. Don't miss this chance to acquire a prime commercial property in a desirable location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,327,281
- 6.5%
- $1,225,182
- 7%
- $1,137,669
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,752,351
- Geo Method
- $2,098,432
-
Alternative Use
- Use
- Valuation
- Residential
- $1,033,487
- Hospitality
- $946,669
- Educational
- $787,617
- Medical
- $814,705
- Retail
- $1,225,182
Location Insight
- City
- Decherd
- County
- Franklin
- State
- Tennessee
- Latitude
- 35.21
- Longitude
- -86.0767
- CBSA code
- 46100
- CBSA name
- TULLAHOMA, TN MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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