1235 Mcarthur StManchester, TN 37355

Property Details for 1235 Mcarthur St

Year built

1952

Lot size

0.99 AC

Property size (Sq ft)

4,984 SF

Property type

Office properties

Property subtype

Other office properties

APN

016085H B 01600

APU

016085HB01600

Description

This exceptional Manchester, TN commercial property presents a unique investment opportunity. The 0.96-acre lot encompasses two buildings totaling nearly 7,000 square feet of space. Currently operating under a single parcel, the seller is open to dividing the property. Option one involves purchasing the entire property for $895,000. This includes a 4,416 square foot rehabilitation center situated on a 0.58-acre lot, and a second 2,500 square foot building on a 0.39-acre lot, complete with a fenced area. Alternatively, the rehabilitation center building and its 0.58-acre lot can be purchased separately for $695,000. A third option allows for the purchase of the 2,500 square foot building and its 0.39-acre lot for $300,000. This property boasts a highly desirable commercial location within a rapidly expanding area of Manchester. Aerial views illustrating potential property divisions are available. This is a rare chance to acquire a substantial commercial property, either as a whole or in individual parcels, in a thriving market. The flexibility of purchase options makes this an attractive proposition for a variety of investors.

• CAP approach

  CAP return

  Valuation

  6%

  $1,054,138

  6.5%

  $973,050

  7%

  $903,547

• Comparable approach

  Method

  Valuation

  Relative Method

  $811,844

  Geo Method

  $972,179

• Alternative Use

  Use

  Valuation

  Residential

  $1,206,582

  Hospitality

  $1,105,223

  Educational

  $919,532

  Medical

  $951,157

  Retail

  $1,430,384

Location Insight

City

Manchester

County

Coffee

State

Tennessee

Latitude

35.4636

Longitude

-86.0873

CBSA code

46100

CBSA name

TULLAHOMA, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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