1201 Carmack BlvdColumbia, TN 38401

Property Details for 1201 Carmack Blvd

Year built

1940

Construction

WOOD

Lot size

1.99 AC

Property size (Sq ft)

13,972 SF

Zone code

IG

Property type

Commercial real estate

APN

060099I D 00700

APU

060099ID00700

Description

This exceptional 2.97-acre property, located at 1201 Carmack Blvd in Columbia, Tennessee, presents a rare development opportunity. Comprising five tracts, this site boasts significant road frontage: 560 feet on Carmack Boulevard and over 400 feet on Cemetery Avenue. The CD-5 zoning allows for a wide array of high-density mixed-use developments, making it ideal for a variety of projects. Conceptual renderings are available for a 175,000 square foot, three-story mixed-use building incorporating on-site structured parking. The property's strategic location offers unparalleled access and visibility. Situated approximately 200 feet from the new Maury County Justice Center and just five blocks from the vibrant Scenic Columbia Square, it benefits from a high daily traffic count of 22,000 vehicles. Existing infrastructure includes sewer lines on the property, with water readily available. This location is perfectly suited for a live/work concept, a commercial strip center, high-density residential/commercial development, or even a hotel. The expansive size and prime location make this a truly unique opportunity to develop a landmark property in the heart of Columbia, TN. The total building area is 129,300 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $2,735,520

  6.5%

  $2,525,090

  7%

  $2,344,730

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,202,710

  Geo Method

  $1,202,710

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,751,760

  Retail / Commercial

  $2,479,660

  Mixed-Use / Specialty

  $2,504,690

  Hospitality / Lodging

  $1,881,710

  Office

  $2,525,090

  Institutional / Educational

  $2,615,980

  Residential Income

  $3,060,690

  Multifamily

  $3,483,050

  Automotive / Energy

  $2,242,270

  Parking / Income-Based Land

  $740,314

  Restaurant / Food Service

  $1,375,000

  Healthcare / Senior Housing

  $2,533,780

Location Insight

City

Columbia

County

Maury

State

Tennessee

Latitude

35.6072

Longitude

-87.0345

CBSA code

34980

CBSA name

NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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