103 Court SqLivingston, TN 38570

  • Retail properties
  • 6,426 SF
For Sale
$829,900 View listing

Property Details for 103 Court Sq

Year built
1900
Lot size
0.06 AC
Property size (Sq ft)
6,426 SF
Zone code
C-2
Property type
Retail properties
Property subtype
Retail space
APN
067054G I 01400
APU
067054GI01400

Description

This exceptional 6,426 square foot mixed-use property presents a lucrative investment opportunity in the heart of Livingston, Tennessee's historic Court Square. The building boasts approximately 4,000 square feet of prime commercial space ideally situated on the ground and second levels, offering excellent visibility and foot traffic from the bustling square. This space is perfect for a variety of retail businesses, capitalizing on the area's vibrant atmosphere and proximity to local attractions. Adding to the investment potential are two fully furnished short-term rental apartments located on the upper level. One unit offers one bedroom and one bathroom, while the other provides two bedrooms and one and a half bathrooms. These units benefit from an established rental history, consistently high occupancy rates, and overwhelmingly positive guest reviews. The property sits on a 0.05-acre lot, providing convenient access to local events, festivals, restaurants, and unique shops, further enhancing the appeal for both commercial tenants and rental guests. The asking price for this remarkable mixed-use property is $749,000, offering a compelling return on investment in a desirable and thriving Tennessee town. This is a rare chance to acquire a well-established, income-generating property in a prime location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,730,401
    6.5%
    $1,597,294
    7%
    $1,483,201
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,397,595
    Geo Method
    $1,393,938
  • Alternative Use

    Use
    Valuation
    Residential
    $1,347,377
    Hospitality
    $1,234,190
    Educational
    $1,026,832
    Medical
    $1,062,146
    Retail
    $1,597,294
103 Court Sq, Livingston, Tennessee

Location Insight

City
Livingston
County
Overton
State
Tennessee
Latitude
36.3834
Longitude
-85.3224
CBSA code
18260
CBSA name
COOKEVILLE, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,825
$6,000
$179,000
$185,000
-
$15,000
$447,500
$462,500

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