101 Broadway StCollinwood, TN 38450
- Retail properties
- 4,197 SF
Property Details for 101 Broadway St
- Year built
- 1956
- Lot size
- 0.08 AC
- Property size (Sq ft)
- 4,197 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 091137M F 01200
- APU
- 091137MF01200
Description
This 3,900 square foot commercial building presents a unique investment opportunity in Collinwood, Tennessee. Situated on a 0.16-acre lot at the highly visible intersection of Highway 13S and Broadway, this property benefits from exceptional visibility and accessibility. The building features two separate entrances and deeds, allowing for division into two distinct commercial spaces, each with its own heating and cooling system. One side utilizes ductless units, while the other employs gas and window units. A roll-up door is planned for installation at the rear of the building. Ample parking is available on both sides, catering to the needs of multiple businesses or a single large operation. The strategic location near the Natchez Trace Parkway ensures consistent exposure to the thousands of tourists who visit the area annually. This property is ideal for a variety of retail uses and offers significant potential for growth and profitability. The building is being sold as-is. Serious inquiries only.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,304,895
- 6.5%
- $1,204,519
- 7%
- $1,118,482
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,722,796
- Geo Method
- $910,420
-
Alternative Use
- Use
- Valuation
- Residential
- $1,016,057
- Hospitality
- $930,702
- Educational
- $774,333
- Medical
- $800,964
- Retail
- $1,204,519
Location Insight
- City
- Collinwood
- County
- Wayne
- State
- Tennessee
- Latitude
- 35.1745
- Longitude
- -87.739
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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