2519 Anderson AveBrownsville, TN 38012

Property Details for 2519 Anderson Ave

Year built

2000

Lot size

1.20 AC

Property size (Sq ft)

3,756 SF

Zone code

GC

Property type

Drive through restaurants

APN

095L A 00100

APU

095LA00100

Description

This exceptional 3,753 square foot freestanding restaurant building presents a unique investment opportunity in Brownsville, Tennessee. Situated on a 1.2-acre lot, the property boasts high visibility and accessibility, located on Anderson Avenue, conveniently off Interstate 40 Exit 56. The building is currently vacant and ready for immediate occupancy. This prime location benefits from significant traffic counts, with I-40 boasting an Annual Average Daily Traffic (AADT) of 36,330 vehicles and Anderson Avenue recording 8,783. The surrounding area is thriving, featuring multiple hotels, gas stations, restaurants, and key community assets such as the West Tennessee Delta Heritage Center/Tina Turner Museum, Tractor Supply Co., and an elementary school with over 500 students. Furthermore, the property enjoys exceptional proximity to the highly anticipated Blue Oval City, Ford's new electric vehicle manufacturing facility, located approximately 14 minutes away. This strategic location offers unparalleled access to a large and growing consumer base, making this property ideal for a variety of restaurant concepts. The entire building is available for ground lease. Don't miss this chance to establish your business in a dynamic and rapidly developing area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,262,056

  6.5%

  $1,164,975

  7%

  $1,081,763

• Comparable approach

  Method

  Valuation

  Relative Method

  $737,901

  Geo Method

  $737,901

• Alternative Use

  Use

  Valuation

  Residential

  $982,700

  Hospitality

  $900,148

  Educational

  $748,913

  Medical

  $774,669

  Retail

  $1,164,975

Location Insight

City

Brownsville

County

Haywood

State

Tennessee

Latitude

35.5427

Longitude

-89.248

CBSA code

15140

CBSA name

BROWNSVILLE, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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