1124 Main StMilan, TN 38358

Property Details for 1124 Main St

Year built

1900

Lot size

0.04 AC

Property size (Sq ft)

1,200 SF

Zone code

B3

Property type

Healthcare properties

Property subtype

Medical offices

APN

140C R 00500

APU

140CR00500

Description

This exceptional 1,200 square foot office building presents a fantastic opportunity for businesses seeking a prominent location in Milan, Tennessee. Situated on a sizable 0.4-acre lot at 1124 S Main Street, this property offers ample space and visibility. The building's interior is ready for immediate occupancy, providing a functional and efficient workspace. The generous lot size allows for potential expansion or additional parking, catering to the needs of a growing business. Its strategic location on Main Street ensures high visibility and easy access for clients and employees. The asking price of $125,000 represents exceptional value for a property of this caliber in a thriving community. This is an ideal investment for owner-occupiers or investors seeking a strong return on investment. The property's solid construction and well-maintained condition promise years of reliable service. Don't miss this chance to secure a prime commercial space in a desirable location. The property is ready for immediate possession, allowing for a swift and seamless transition for your business. This is a rare opportunity to acquire a well-positioned office building in a growing market. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $274,294

  6.5%

  $253,195

  7%

  $235,110

• Comparable approach

  Method

  Valuation

  Relative Method

  $93,552

  Geo Method

  $93,552

• Alternative Use

  Use

  Valuation

  Residential

  $313,962

  Hospitality

  $287,587

  Educational

  $239,269

  Medical

  $247,498

  Retail

  $372,197

Location Insight

City

Milan

County

Gibson

State

Tennessee

Latitude

35.9196

Longitude

-88.7585

CBSA code

27180

CBSA name

JACKSON, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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