Mixed-Use Event Venue and
110 W Third Ave Carthage, TN 37030
110 W Third Ave, Carthage, TN, 37030
$799,900
For Sale
$799,900
COMMERCIAL - Carthage, TN
Property Size5,388 SF
Lot Size0.07 Acres
Price / SF$148.46
Days on Market44
Property Features for 110 W Third Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Security features
- Security System
- Basement
- Unfinished
- Standard status
- Active
- APN
- 020.00
- Size
- 5,388 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2710
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Building materials
- Block, Brick
- Roof type
- Rubber
Listing agency
Blackwell Realty & Auction Carthage
(615) 588-1700
Listed by
Judy Smith
(615) 489-7719
Added: Jun 9 Updated: Jul 9 at 8:48AM Checked: Jul 22 at 7:06AM
MLS# 228191
Copyright © 2026 Upper Cumberland Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The Rose Building is a dual-purpose commercial property totaling 5,388 square feet, designed to support both events and residential use. The ground floor operates as an established event venue with a modern commercial kitchen, sound system, and a cozy bar/lounge that opens to a spacious event hall. The event space is described as accommodating up to 211 guests. The second floor features a generously sized 3-bedroom, 2-bath loft apartment with a quaint outdoor veranda and city views.
Located in downtown Carthage, Tennessee, the building sits at 110 W Third Ave and is identified with Commercial zoning. Its configuration allows the first floor to function as a dedicated gathering space while maintaining a separate residential level above.
This property can fit buyers seeking a hands-on operation that blends event hosting with an on-site loft residence or short-term rental concept. For tenants and operators, the existing event setup—including the commercial kitchen and sound system—supports immediate use for weddings, corporate events, and social gatherings, while the upstairs loft provides a self-contained residential option for complementary business models.
Located in downtown Carthage, Tennessee, the building sits at 110 W Third Ave and is identified with Commercial zoning. Its configuration allows the first floor to function as a dedicated gathering space while maintaining a separate residential level above.
This property can fit buyers seeking a hands-on operation that blends event hosting with an on-site loft residence or short-term rental concept. For tenants and operators, the existing event setup—including the commercial kitchen and sound system—supports immediate use for weddings, corporate events, and social gatherings, while the upstairs loft provides a self-contained residential option for complementary business models.
Key Highlights
- Dual‑purpose property: Established event venue (211 guest capacity) and residential loft.
- High‑demand event space with modern commercial kitchen, sound system, and bar/lounge.
- Spacious 2,694 sqft 3BR/2BA loft apartment with city views.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.9k | $20.40 |
| − Vacancy | −$7.8k | −$1.45 |
| EGI | $102.1k | $18.95 |
| − OpEx | −$46.0k | −$8.53 |
| NOI | $56.2k | $10.42 |
5,388 SF · lease $20.40/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$802.3K
$702.0K – $936.0K
NOI $56,161 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,562 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
LIGA Homes
General Contractor
The Rose Building
Hotel & Motel
Similar For Sale Nearby
FAQs
What type of property is this?
Wedding venue - Dual-purpose property with an established event venue and an upstairs 3BR/2BA loft apartment.
Where is this wedding venue located?
The property is located at 110 W Third Ave Carthage, TN.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Dual‑purpose property: Established event venue (211 guest capacity) and residential loft.; High‑demand event space with modern commercial kitchen, sound system, and bar/lounge.; Spacious 2,694 sqft 3BR/2BA loft apartment with city views.
