124 Main StRidgely, TN 38080

Property Details for 124 Main St

Year built

1969

Lot size

0.17 AC

Property size (Sq ft)

3,380 SF

Property type

Retail properties

Property subtype

Banks

APN

057K Q 01100

APU

057KQ01100

Description

This exceptional office building, located at 124 S Main St in the thriving town of Ridgely, Tennessee, presents a fantastic investment opportunity. Boasting a generous 2,120 square feet of well-maintained space, this property is ideally suited for a variety of businesses. The building's strategic location on Main Street ensures high visibility and easy access for clients and employees. The property sits on a lot with no acreage, making it low-maintenance and efficient. The asking price of $145,000 represents exceptional value for a property of this size and location in Ridgely. This is a turnkey opportunity for an established business seeking to expand or a new venture looking for a solid foundation. The interior layout is adaptable and can be configured to meet the specific needs of various businesses. The building is ready for immediate occupancy, allowing for a quick and seamless transition. Don't miss this chance to acquire a prime commercial property in a growing Tennessee town. Serious inquiries are encouraged to explore this promising investment further. The property is offered as-is.

• CAP approach

  CAP return

  Valuation

  6%

  $1,135,716

  6.5%

  $1,048,354

  7%

  $973,471

• Comparable approach

  Method

  Valuation

  Relative Method

  $664,032

  Geo Method

  $664,032

• Alternative Use

  Use

  Valuation

  Residential

  $884,325

  Hospitality

  $810,037

  Educational

  $673,942

  Medical

  $697,120

  Retail

  $1,048,354

Location Insight

City

Ridgely

County

Lake

State

Tennessee

Latitude

36.2631

Longitude

-89.4872

Property Tax & Assessments

FAQs

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