2084 Main StMilan, TN 38358

Property Details for 2084 Main St

Year built

1963

Lot size

0.80 AC

Property size (Sq ft)

19,540 SF

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

123N B 02300

APU

123NB02300

Description

This exceptional 18,859-square-foot mixed-use property, located at 2084 West Main Street in Milan, Tennessee (zip code 38358), presents a unique investment opportunity. The single-story building previously operated as a 70-bed nursing home, offering a solid foundation for a variety of healthcare uses. Its versatile infrastructure includes a comprehensive camera system, secured entry doors, a Smart Link time clock system for efficient staff management, and individual PTAC heating and air conditioning units in each space. Furthermore, the property benefits from a backup generator, ensuring reliable operation during power outages. Situated in Gibson County, this strategically located property offers significant potential for a healthcare provider or investor seeking a well-equipped facility ready for immediate use or redevelopment. The asking price is $1,875,000. The lot size is not specified. This property is ready for its next chapter. Contact us to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $5,215,230

  6.5%

  $4,814,060

  7%

  $4,470,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,569,040

  Geo Method

  $1,569,040

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $9,180,040

  Retail / Commercial

  $4,711,230

  Mixed-Use / Specialty

  $4,697,400

  Hospitality / Lodging

  $3,450,180

  Office

  $4,672,570

  Institutional / Educational

  $4,884,460

  Residential Income

  $5,714,810

  Multifamily

  $6,837,640

  Automotive / Energy

  $4,186,680

  Parking / Income-Based Land

  $1,441,850

  Restaurant / Food Service

  $2,449,470

Location Insight

City

Milan

County

Gibson

State

Tennessee

Latitude

35.9241

Longitude

-88.7671

CBSA code

27180

CBSA name

JACKSON, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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