10 Main StSparta, TN 38583

Property Details for 10 Main St

Year built

1911

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

1,840 SF

Zone code

C-C

Property type

Retail properties

Property subtype

Retail space

APN

093059B J 00700

APU

093059BJ00700

Description

This exceptional 1,840 square foot retail property, located at 10 Main St N in historic downtown Sparta, Tennessee, presents a unique investment opportunity. Built in 1911, this two-story building boasts a charming exterior recently updated with a new rubber roof, all new windows, and a striking new marble wall exterior. The property sits on a 0.02-acre lot and includes an adjacent, sizable additional lot, offering significant expansion possibilities. The interior is a blank canvas, ready for a complete renovation to suit your vision. The main floor offers convenient access from both the street and a rear entrance. A separate rear entrance to the second floor presents a compelling opportunity to create a second income stream, perhaps through a separate lease or the development of additional retail space or office space. The building's prime downtown location provides excellent visibility and accessibility, making it ideal for a variety of retail ventures. The combination of its historic charm, modern updates, and expansive potential makes this property a truly remarkable investment. The possibilities are limitless for this adaptable space. Don't miss this chance to own a piece of Sparta's vibrant history and shape its future. The asking price is $330,000.

• CAP approach

  CAP return

  Valuation

  6%

  $572,077

  6.5%

  $528,071

  7%

  $490,352

• Comparable approach

  Method

  Valuation

  Relative Method

  $755,288

  Geo Method

  $399,136

• Alternative Use

  Use

  Valuation

  Residential

  $445,448

  Hospitality

  $408,028

  Educational

  $339,474

  Medical

  $351,149

  Retail

  $528,071

Location Insight

City

Sparta

County

White

State

Tennessee

Latitude

35.9261

Longitude

-85.4638

Property Tax & Assessments

FAQs

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