179 Main StParsons, TN 38363

Property Details for 179 Main St

Year built

1946

Lot size

73.00 AC

Property size (Sq ft)

2,936 SF

Property type

Medical offices

Property subtype

Medical centers

APN

020049M E 01800

APU

020049ME01800

Description

This exceptional commercial property, located at 179 E Main Street in Parsons, Tennessee, presents a unique investment opportunity. The building encompasses 2,936 square feet and sits on a lot with no acreage specified. Currently, a triple-net lease is in place, generating a consistent monthly income of $2800. This lease has a remaining term of three years, providing immediate cash flow and a stable investment. The property's location on East Main Street ensures high visibility and accessibility, making it ideal for a variety of businesses. The building itself is well-maintained and ready for immediate occupancy, although the specific condition and features are not detailed in the provided information. This presents a chance to acquire a profitable income-generating asset in a thriving Tennessee town. The asking price for this turnkey commercial property is $235,900. Given the current lease and the property's prime location, this represents a strong return on investment potential. Serious inquiries are encouraged to explore this opportunity further. Further details regarding the building's specifics are available upon request. This is an excellent chance to secure a stable, income-producing asset in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $507,200

  6.5%

  $468,185

  7%

  $434,743

• Comparable approach

  Method

  Valuation

  Relative Method

  $252,731

  Geo Method

  $252,731

• Alternative Use

  Use

  Valuation

  Residential

  $580,549

  Hospitality

  $531,780

  Educational

  $442,435

  Medical

  $457,651

  Retail

  $688,232

Location Insight

City

Parsons

County

Decatur

State

Tennessee

Latitude

35.6505

Longitude

-88.124

Property Tax & Assessments

FAQs

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