116 2Nd StPulaski, TN 38478

Property Details for 116 2Nd St

Year built

1996

Lot size

0.13 AC

Property size (Sq ft)

8,182 SF

Property type

Retail space

APN

028097A Q 02200

APU

028097AQ02200

Description

This exceptional 8,600 square foot property, situated in Pulaski's historic downtown district at 116 N 2nd St (cross street: Jefferson), offers a unique blend of commercial and residential potential. Built in 1996 and renovated in 2022, this single-story building currently features 3,200 square feet of vacant space, easily adaptable to various uses. The existing layout includes 2,200 square feet of commercial space and a 1,000 square foot residential apartment, which could be seamlessly combined to create a larger 3,200 square foot commercial area. This presents a fantastic opportunity for a live-work arrangement, eliminating commute time. The space boasts high ceilings and abundant natural light. While currently featuring one bathroom in the residential area, adding a second bathroom in the commercial space is straightforward due to existing plumbing and electrical infrastructure. The building's design complements the historic architecture of the surrounding area, seamlessly blending modern functionality with classic aesthetics. The property sits on an 8,640 square foot lot, and an adjacent vacant lot is also owned by the current owner, offering potential for expansion. Zoned commercial, this Giles County property is ideal for retail, office, or restaurant use. The property is located in the Pulaski Downtown Historical Center submarket, offering excellent visibility and accessibility. No elevators are present.

• CAP approach

  CAP return

  Valuation

  6%

  $2,543,877

  6.5%

  $2,348,194

  7%

  $2,180,466

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,358,570

  Geo Method

  $4,021,872

• Alternative Use

  Use

  Valuation

  Residential

  $1,980,790

  Hospitality

  $1,814,393

  Educational

  $1,509,554

  Medical

  $1,561,469

  Retail

  $2,348,194

Location Insight

City

Pulaski

County

Giles

State

Tennessee

Latitude

35.1999

Longitude

-87.0319

Property Tax & Assessments

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