10321 2Nd StGates, TN 38037

Property Details for 10321 2Nd St

Year built

1988

Lot size

0.59 AC

Property size (Sq ft)

1,500 SF

Zone code

B

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

049039M C 00901

APU

049039MC00901

Description

This exceptional 1,500 square foot retail property is located at 10321 2nd Street in Gates, Tennessee. Priced at $945,000, this presents a compelling investment opportunity in a thriving commercial area. The property offers significant potential for a variety of retail businesses, benefiting from its high visibility and convenient access. The building itself is ready for immediate occupancy, eliminating the need for extensive renovations or upgrades. Its strategic location ensures high foot traffic and easy accessibility for customers. The property sits on a lot with zero acres, making it ideal for a business that doesn't require extensive outdoor space. This is a rare opportunity to acquire a well-positioned retail space in a desirable Tennessee town. The property's size and location make it suitable for a diverse range of retail ventures, from boutiques and specialty shops to service-based businesses. Serious inquiries are encouraged to explore this promising investment prospect further. Detailed financial information and property specifics are available upon request. Don't miss this chance to secure a prime retail location in a growing market. Act quickly, as this property is expected to generate significant interest.

• CAP approach

  CAP return

  Valuation

  6%

  $504,016

  6.5%

  $465,246

  7%

  $432,014

• Comparable approach

  Method

  Valuation

  Relative Method

  $294,689

  Geo Method

  $294,689

• Alternative Use

  Use

  Valuation

  Residential

  $392,452

  Hospitality

  $359,484

  Educational

  $299,086

  Medical

  $309,373

  Retail

  $465,246

Location Insight

City

Gates

County

Lauderdale

State

Tennessee

Latitude

35.841

Longitude

-89.4051

Property Tax & Assessments

FAQs

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