1401 Hillsboro BlvdManchester, TN 37355

Property Details for 1401 Hillsboro Blvd

Year built

1955

Lot size

0.63 AC

Property size (Sq ft)

3,350 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

016076O E 00500

APU

016076OE00500

Description

This single-tenant office building, located at 1401 Hillsboro Blvd in Manchester, Tennessee, offers 3,261 square feet of space. Built in 1955 and renovated in 1995, the property sits on a 0.69-acre lot and is zoned for commercial use. The building is a one-story structure with a traditional office subtype. The property's Parcel Number (APN) is 076O E 005.00, and it is situated in Coffee County, Tennessee, zip code 37355. The property is currently occupied by a single tenant, and a smooth transition to a new tenant is anticipated. However, any intended use of the building requires prior approval from the building owner. This presents a unique opportunity for a business seeking a well-established space in a convenient location. The property's size and location make it suitable for a variety of office uses. Further details regarding the property's current lease terms are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $1,041,553

  6.5%

  $961,434

  7%

  $892,760

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,375,117

  Geo Method

  $1,646,696

• Alternative Use

  Use

  Valuation

  Residential

  $811,005

  Hospitality

  $742,876

  Educational

  $618,065

  Medical

  $639,321

  Retail

  $961,434

Location Insight

City

Manchester

County

Coffee

State

Tennessee

Latitude

35.4702

Longitude

-86.0732

CBSA code

46100

CBSA name

TULLAHOMA, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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