231 Cedar AveSouth Pittsburg, TN 37380

Property Details for 231 Cedar Ave

Year built

1900

Lot size

0.08 AC

Property size (Sq ft)

1,000 SF

Property type

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.

• CAP approach

  CAP return

  Valuation

  6%

  $244,334

  6.5%

  $225,539

  7%

  $209,429

• Comparable approach

  Method

  Valuation

  Relative Method

  $169,406

  Geo Method

  $202,862

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $442,416

  Mixed-Use / Specialty

  $223,687

  Hospitality / Lodging

  $162,747

  Office

  $221,266

  Institutional / Educational

  $232,169

  Residential Income

  $271,638

  Multifamily

  $331,598

  Automotive / Energy

  $199,002

  Parking / Income-Based Land

  $69,708.70

  Restaurant / Food Service

  $114,104

  Healthcare / Senior Housing

  $230,461

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

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