402 Market StBolivar, TN 38008

Property Details for 402 Market St

Year built

1970

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.30 AC

Property size (Sq ft)

5,714 SF

Zone code

B-1

Property type

Retail properties

Property subtype

Retail space

APN

035070P M 00400

APU

035070PM00400

Description

This exceptional retail property, located at 402 W Market Street in Bolivar, Tennessee, presents a unique investment opportunity. The building boasts a substantial 5,396 square feet of space, ideal for a variety of retail ventures. Situated on a 0.3-acre lot, the property benefits from high visibility and excellent access for customers. The asking price is $650,000, representing a compelling value for a property of this size and location in a thriving market. The building's ample square footage allows for flexible layout configurations to suit diverse business needs. Its prime location on West Market Street ensures significant foot traffic and exposure to a substantial customer base. The property is ready for immediate occupancy, providing a seamless transition for new businesses. This is an exceptional chance to establish or expand a retail operation in a dynamic and growing community. The 0.3-acre lot offers potential for future expansion or outdoor display areas, further enhancing the property's appeal and functionality. Serious inquiries are encouraged to explore this promising investment opportunity. The property's strategic location and substantial size make it an attractive proposition for businesses seeking a strong foothold in the Bolivar market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,210,246

  6.5%

  $1,117,150

  7%

  $1,037,354

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,122,568

  Geo Method

  $1,122,568

• Alternative Use

  Use

  Valuation

  Residential

  $942,358

  Hospitality

  $863,195

  Educational

  $718,168

  Medical

  $742,867

  Retail

  $1,117,150

Location Insight

City

Bolivar

County

Hardeman

State

Tennessee

Latitude

35.2566

Longitude

-88.9919

Property Tax & Assessments

FAQs

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