204 Washington StRipley, TN 38063
- Retail properties
- 6,600 SF
For Sale
$200,000
View listing
Property Details for 204 Washington St
- Year built
- 1940
- Lot size
- 0.34 AC
- Property size (Sq ft)
- 6,600 SF
- Zone code
- B2
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 049095A B 00500
- APU
- 049095AB00500
Description
This exceptional commercial property at 204 S WASHINGTON St, Ripley, TN, presents a unique investment opportunity. Priced at $100,000, the building offers a chance to acquire an established antique store, complete with its extensive inventory. Alternatively, the building can be purchased independently, allowing for the creation of a new business venture. The property is situated on a busy street within Ripley's charming, renovated court square, ensuring high visibility and foot traffic. The existing antique store is described as brimming with merchandise, presenting a ready-made business for an entrepreneur. The sale price of $100,000 is for the building itself
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,217,671
- 6.5%
- $2,047,081
- 7%
- $1,900,861
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,296,631
- Geo Method
- $1,296,631
-
Alternative Use
- Use
- Valuation
- Residential
- $1,726,789
- Hospitality
- $1,581,730
- Educational
- $1,315,981
- Medical
- $1,361,239
- Retail
- $2,047,081
204 Washington St, Ripley, Tennessee
Location Insight
- City
- Ripley
- County
- Lauderdale
- State
- Tennessee
- Latitude
- 35.7445
- Longitude
- -89.5351
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$1,382
$6,200
$49,080
$55,280
-
$15,500
$122,700
$138,200
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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