1213 Gaines StLawrenceburg, TN 38464

Property Details for 1213 Gaines St

Year built

1977

Lot size

0.46 AC

Property size (Sq ft)

5,132 SF

Property type

Retail properties

Property subtype

Retail space

APN

050078P C 00801

APU

050078PC00801

Description

This exceptional mixed-use property in Lawrenceburg, TN, presents a compelling investment opportunity. The 7,360 square foot building sits on a 0.44-acre lot and boasts two street-level storefronts, offering excellent visibility and signage potential. One storefront, a fully renovated 2,000 square foot space, is currently leased for $2,000 per month and features a new HVAC unit (2021), new firewall, sheetrock, LED lighting, and commercial flooring. It was previously used as a medical office. The second storefront comprises 1,000 square feet of street-level space and an additional 4,000+ square feet in the rear. This expansive area is adaptable to multiple commercial uses. The building's history includes use as three separate rental units, demonstrating its versatility. All utilities are consolidated for streamlined management. The property benefits from its proximity to Davy Crockett State Park and enjoys high traffic counts. This prime location offers significant potential for rental income and appreciation. The building's layout and size provide flexibility for a variety of commercial ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $1,595,597

  6.5%

  $1,472,859

  7%

  $1,367,655

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,106,598

  Geo Method

  $2,522,641

• Alternative Use

  Use

  Valuation

  Residential

  $1,242,412

  Hospitality

  $1,138,042

  Educational

  $946,838

  Medical

  $979,401

  Retail

  $1,472,859

Location Insight

City

Lawrenceburg

County

Lawrence

State

Tennessee

Latitude

35.2423

Longitude

-87.351

CBSA code

29980

CBSA name

LAWRENCEBURG, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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