207 Gaines StLawrenceburg, TN 38464

Property Details for 207 Gaines St

Year built

1962

Lot size

0.15 AC

Property size (Sq ft)

1,350 SF

Property type

Office properties

APN

050089C A 00200

APU

050089CA00200

Description

This exceptional investment opportunity encompasses two commercial office buildings situated at 207 and 205 East Gaines Street in Lawrenceburg, Tennessee. Offered together for $299,500, this mixed-use property boasts a prime location with high visibility and increasing traffic volume. The combined buildings offer significant potential for a variety of uses. The larger building, located at 207 East Gaines Street, comprises 1,242 square feet and is immediately available, ideal for office space or retail operations. This building features fenced rear parking for added convenience. The total square footage across both buildings is 1,683 square feet, situated on a 0.27-acre lot. Lawrenceburg, the largest city in Lawrence County, offers a robust market with a population exceeding 44,000 residents. This presents a compelling opportunity for investors seeking a well-located, versatile commercial property in a growing community. The property's high visibility and convenient location make it an attractive prospect for businesses seeking to establish a strong presence in the Lawrenceburg area. The combination of immediate occupancy potential and the overall size of the property makes this a rare find in the current market. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $285,531

  6.5%

  $263,567

  7%

  $244,741

• Comparable approach

  Method

  Valuation

  Relative Method

  $219,901

  Geo Method

  $263,331

• Alternative Use

  Use

  Valuation

  Residential

  $326,823

  Hospitality

  $299,368

  Educational

  $249,071

  Medical

  $257,637

  Retail

  $387,443

Location Insight

City

Lawrenceburg

County

Lawrence

State

Tennessee

Latitude

35.2412

Longitude

-87.3332

CBSA code

29980

CBSA name

LAWRENCEBURG, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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