10149 2Nd StGates, TN 38037

Property Details for 10149 2Nd St

Year built

1920

Lot size

0.09 AC

Property size (Sq ft)

2,075 SF

Zone code

B

Property type

Retail properties

Property subtype

Retail space

APN

049039M D 00700

APU

049039MD00700

Description

This exceptional retail property, located at 10149 2nd Street in Gates, Tennessee, offers 2,075 square feet of versatile commercial space. Situated on a lot with no acreage, this property is ideal for a variety of retail businesses seeking a high-visibility location. The asking price is $470,000. The property's size and location make it an attractive opportunity for entrepreneurs and established businesses alike. Its prime position ensures excellent exposure to potential customers, maximizing the potential for success. The absence of additional land allows for focused development and efficient use of the existing space. This presents a unique chance to acquire a well-positioned retail space in a thriving community. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. Serious inquiries are encouraged to explore this promising investment opportunity further. Detailed information regarding the property's specifics and potential uses is available upon request. Don't miss this chance to secure a valuable asset in a desirable location. The property is priced competitively, reflecting its market value and potential for return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $697,222

  6.5%

  $643,590

  7%

  $597,619

• Comparable approach

  Method

  Valuation

  Relative Method

  $407,653

  Geo Method

  $407,653

• Alternative Use

  Use

  Valuation

  Residential

  $542,892

  Hospitality

  $497,286

  Educational

  $413,736

  Medical

  $427,965

  Retail

  $643,590

Location Insight

City

Gates

County

Lauderdale

State

Tennessee

Latitude

35.8389

Longitude

-89.4062

Property Tax & Assessments

FAQs

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