419 Home StUnion City, TN 38261

Property Details for 419 Home St

Year built

1972

Lot size

0.24 AC

Property size (Sq ft)

1,500 SF

Property type

Retail space

APN

066048L L 03200

APU

066048LL03200

Description

This exceptional commercial property, located at 419 N Home St, Union City, TN 38261, presents a compelling investment opportunity. The 1,500 square foot building sits on a 0.24-acre lot and is ideally suited for a variety of commercial uses, including restaurants and retail stores. Recently renovated, the property boasts significant improvements, enhancing its functionality and appeal. These upgrades include a brand-new roof, completely redone wiring, and a newly installed bathroom featuring a shower, sink, and toilet. The interior has been freshly painted, and the exterior has received a new coat of paint as well. The property also benefits from two recently installed (within the last two years) split unit air conditioning systems, ensuring efficient climate control. The asking price for this turnkey commercial property is $250,000. Its strategic location in Obion County, Tennessee, offers excellent visibility and accessibility, making it an attractive proposition for entrepreneurs and investors alike. This is a rare chance to acquire a move-in ready commercial space with recent upgrades, ready for immediate occupancy and business operations. Don't miss this chance to establish your business in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $391,799

  6.5%

  $361,661

  7%

  $335,828

• Comparable approach

  Method

  Valuation

  Relative Method

  $121,618

  Geo Method

  $121,618

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $704,712

  Mixed-Use / Specialty

  $360,599

  Hospitality / Lodging

  $264,855

  Office

  $358,693

  Institutional / Educational

  $374,958

  Residential Income

  $438,701

  Multifamily

  $524,896

  Automotive / Energy

  $321,393

  Parking / Income-Based Land

  $110,684

  Restaurant / Food Service

  $188,035

  Healthcare / Senior Housing

  $369,554

Location Insight

City

Union City

County

Obion

State

Tennessee

Latitude

36.4286

Longitude

-89.0495

CBSA code

46460

CBSA name

UNION CITY, TN-KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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