231 Cedar AveSouth Pittsburg, TN 37380
- Retail properties
- 1,000 SF
Property Details for 231 Cedar Ave
- Year built
- 1900
- Lot size
- 0.08 AC
- Property size (Sq ft)
- 1,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 058142J C 01200
- APU
- 058142JC01200
Description
This 1,000 square foot retail property, located at 231 S Cedar Ave in South Pittsburg, Tennessee, is a thriving bakery business for sale. The building, constructed in 1900 and extensively renovated in 2021, is situated in a high-traffic area, benefiting from its proximity to I-24 (Exit 152) and US Hwy 72. South Pittsburg's location makes it easily accessible to a large customer base, further enhanced by its hosting of the annual National Cornbread Festival, attracting over 20,000 visitors each April. The property is zoned for commercial use and includes a significant amount of equipment (list available). Currently operating as a successful bakery, this turnkey operation offers a unique opportunity for a new owner to step into an established business with a loyal customer base. Showings are available after hours to accommodate the business's operational schedule. The asking price is $450,000, representing a price per square foot of $450. This single-story building presents a compelling investment opportunity in a vibrant and growing community. The sale includes all existing equipment.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $310,911
- 6.5%
- $286,995
- 7%
- $266,496
-
Comparable approach
- Method
- Valuation
- Relative Method
- $410,483
- Geo Method
- $491,551
-
Alternative Use
- Use
- Valuation
- Residential
- $242,091
- Hospitality
- $221,754
- Educational
- $184,497
- Medical
- $190,842
- Retail
- $286,995
Location Insight
- City
- South Pittsburg
- County
- Marion
- State
- Tennessee
- Latitude
- 35.0125
- Longitude
- -85.7043
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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