723 Highway 99Waynesboro, TN 38485

Property Details for 723 Highway 99

Year built

1965

Lot size

0.06 AC

Property size (Sq ft)

2,000 SF

Property type

Retail space

APN

091066M A 02300

APU

091066MA02300

Description

This exceptional 2,000 square foot mixed-use property, situated on a 0.05-acre lot at 723 Highway 99 in Waynesboro, Tennessee, presents a unique investment opportunity. Currently housing a successful retail business, the property boasts recently updated features including a fresh coat of paint on the ceiling and brand-new flooring throughout the sales area. The sale includes all existing retail equipment, a custom sales counter, and inventory at closing. Two convenient dressing rooms and a bathroom are located in the rear of the building. A dedicated space for processing Amazon returns is also included in a separate addition. A comprehensive Unify security system with cameras is included in the sale and will be transferred to the new owner at closing. The existing Clover register system is leaseable and can be transferred with the approval of Clover. The seller is open to discussing the possibility of purchasing the building separately from the existing business. This versatile property offers immense potential for a variety of uses, making it an ideal investment for both established entrepreneurs and aspiring business owners seeking a turnkey operation or a blank canvas for their own vision. The property's prime Highway 99 location ensures high visibility and accessibility, further enhancing its appeal. Don't miss this chance to own a thriving business or create your own success story in this vibrant Tennessee town.

• CAP approach

  CAP return

  Valuation

  6%

  $581,710

  6.5%

  $536,963

  7%

  $498,608

• Comparable approach

  Method

  Valuation

  Relative Method

  $665,906

  Geo Method

  $433,843

• Alternative Use

  Use

  Valuation

  Residential

  $452,948

  Hospitality

  $414,898

  Educational

  $345,190

  Medical

  $357,062

  Retail

  $536,963

Location Insight

City

Waynesboro

County

Wayne

State

Tennessee

Latitude

35.3252

Longitude

-87.7439

Property Tax & Assessments

FAQs

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