715 Main StHenderson, TN 38340

Property Details for 715 Main St

Year built

2014

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.00 AC

Property size (Sq ft)

7,800 SF

Zone code

B1

Property type

Retail properties

Property subtype

Retail space

APN

012034 04302

APU

1203404302

Description

This exceptional 7,800 square foot Class A commercial property, built in 2015, is located at 715 East Main Street in Henderson, Tennessee, 38340. The single-story building sits on a one-acre lot and offers flexible space ideal for medical or traditional office uses. Currently, 2,860 square feet are vacant, divisible into units ranging from 1,400 to 3,500 square feet maximum contiguous space. The property boasts a prime location on East Main Street, a major thoroughfare connecting Henderson to surrounding communities, and enjoys high visibility due to its proximity to Freed-Hardeman University (3,698 students), schools, retail centers, and banks. A recently constructed Dairy Queen is located adjacent to the property. One example of a previous tenant is a modern, 3,500 square foot walk-in clinic featuring six exam rooms, a lab, procedure room, X-ray room, nurses' station, and ample parking. The property is zoned commercial and offers excellent accessibility and visibility. This is a rare opportunity to secure a well-located, versatile commercial space in a thriving Tennessee community. The building has no elevators.

• CAP approach

  CAP return

  Valuation

  6%

  $1,705,231

  6.5%

  $1,574,059

  7%

  $1,461,627

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,532,382

  Geo Method

  $1,532,382

• Alternative Use

  Use

  Valuation

  Residential

  $1,327,778

  Hospitality

  $1,216,238

  Educational

  $1,011,895

  Medical

  $1,046,696

  Retail

  $1,574,059

Location Insight

City

Henderson

County

Chester

State

Tennessee

Latitude

35.4439

Longitude

-88.6234

CBSA code

27180

CBSA name

JACKSON, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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