3371 Murfreesboro HwyManchester, TN 37355

Property Details for 3371 Murfreesboro Hwy

Year built

2020

Lot size

0.74 AC

Property size (Sq ft)

5,250 SF

Property type

Retail space

APN

016068 00503

APU

1606800503

Description

This exceptional 5,000 square foot commercial building presents a prime retail opportunity in the rapidly expanding town of Manchester, Tennessee. Situated on a 0.74-acre lot at 3371 Murfreesboro Highway, this property boasts high visibility and excellent access, benefiting from its location off a major highway with significant traffic volume. The building, constructed just four years ago, is in excellent condition and offers a versatile layout ideal for a variety of retail uses. The main retail space comprises approximately 5,000 square feet, complemented by two additional offices situated at the rear of the building. Shared laundry and kitchen facilities add to the convenience and functionality of the space. The property's strategic location near Interstate 24 further enhances its appeal, providing easy access for customers and employees. With an average annual daily traffic count (AADT) on Highway 41 in 2023 nearing 5,000 vehicles, this location guarantees substantial exposure to potential customers. This is a rare opportunity to acquire a modern, well-maintained commercial building in a thriving market. Appointments are required for showings.

• CAP approach

  CAP return

  Valuation

  6%

  $1,282,750

  6.5%

  $1,184,080

  7%

  $1,099,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $889,379

  Geo Method

  $1,065,030

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,322,680

  Mixed-Use / Specialty

  $1,174,350

  Hospitality / Lodging

  $854,423

  Office

  $1,161,650

  Institutional / Educational

  $1,218,890

  Residential Income

  $1,426,100

  Multifamily

  $1,740,890

  Automotive / Energy

  $1,044,760

  Parking / Income-Based Land

  $365,970

  Restaurant / Food Service

  $599,048

  Healthcare / Senior Housing

  $1,209,920

Location Insight

City

Manchester

County

Coffee

State

Tennessee

Latitude

35.5095

Longitude

-86.1231

CBSA code

46100

CBSA name

TULLAHOMA, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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