111 Main StManchester, TN 37355

Property Details for 111 Main St

Year built

1967

Lot size

0.02 AC

Property size (Sq ft)

2,072 SF

Zone code

C1

Property type

Retail properties

Property subtype

Retail space

APN

016076H D 01800

APU

016076HD01800

Description

This exceptional mixed-use property, encompassing 111, 113, and 115 W Main St in Manchester, TN, presents a unique investment opportunity. The building boasts a total of 8,000 square feet situated on a 0.05-acre lot in the heart of downtown. The ground floor offers 4,000 square feet of retail space, divided into two units, ideal for a variety of businesses. These units feature exposed brick walls, tall open beam ceilings, and create a spacious, airy atmosphere, blending modern industrial design with historic charm. Upstairs, three completely renovated apartments, each approximately 1,333 square feet, provide additional income streams. These apartments are move-in ready and benefit from abundant natural light thanks to large windows, exposed brick walls, and high ceilings. The entire property has undergone a comprehensive renovation, including new HVAC systems, electrical work, plumbing, and roofing, all while preserving its historical character. This turnkey investment offers immediate revenue potential and significant upside, making it an attractive proposition for discerning investors seeking a blend of historical significance and modern functionality in a thriving downtown location. The property is priced at $975,000.

• CAP approach

  CAP return

  Valuation

  6%

  $644,208

  6.5%

  $594,654

  7%

  $552,179

• Comparable approach

  Method

  Valuation

  Relative Method

  $850,520

  Geo Method

  $1,018,494

• Alternative Use

  Use

  Valuation

  Residential

  $501,613

  Hospitality

  $459,475

  Educational

  $382,278

  Medical

  $395,425

  Retail

  $594,654

Location Insight

City

Manchester

County

Coffee

State

Tennessee

Latitude

35.4829

Longitude

-86.0878

CBSA code

46100

CBSA name

TULLAHOMA, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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