80 Munford AveMunford, TN 38058

Property Details for 80 Munford Ave

Year built

1987

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

4.53 AC

Property size (Sq ft)

2,000 SF

Property type

Retail properties

Property subtype

Retail space

APN

084111 05200

APU

8411105200

Description

This exceptional 1,300 square foot office space in Munford, Tennessee, is ideally situated on Munford Avenue, offering direct visibility and convenient access to US-51. The single-story building boasts a total of 2,060 square feet and features a well-designed layout including private offices, a reception area, a bathroom, and a kitchen/break room. The property includes five parking spaces and access to on-site secure storage, with additional units available. Utilities such as water, electricity, and gas are included in the monthly rate of $825. Tenants are responsible for trash service and internet. This location offers excellent proximity to various amenities, including Walgreens, Kroger, a gas station, and numerous restaurants. The property's business district location makes it perfect for a variety of businesses, such as insurance agencies, real estate offices, or construction companies. 24/7 building access ensures flexibility and convenience. This is a rare opportunity to lease a well-maintained, conveniently located office space in a thriving community. The property is located in Tipton County, Tennessee, with the address being 80 Munford Ave, Munford, TN 38058.

• CAP approach

  CAP return

  Valuation

  6%

  $672,022

  6.5%

  $620,328

  7%

  $576,018

• Comparable approach

  Method

  Valuation

  Relative Method

  $392,918

  Geo Method

  $392,918

• Alternative Use

  Use

  Valuation

  Residential

  $523,270

  Hospitality

  $479,312

  Educational

  $398,782

  Medical

  $412,497

  Retail

  $620,328

Location Insight

City

Munford

County

Tipton

State

Tennessee

Latitude

35.4466

Longitude

-89.79

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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