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    701 N Murray St Gainesboro, TN 38562

    New
    For Sale
    $399,900

    COMMERCIAL - Gainesboro, TN

    Property size:
    4,000 SF
    Days on Market:
    5
    Last Refresh:
    Dec 7 at 7:06 am

    Property Features for 701 N Murray St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    051B A 010.00
    Parking features
    Paved or Surfaced, On Street
    Accessibility
    Accessible Approach with Ramp
    Size
    4,000 SF

    Utilities

    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1964
    Floors in Building
    1
    Number of units
    2
    Building materials
    Block, Brick
    Roof type
    Metal

    Creekside Realty (931) 342-0332

    Listing agent Forrest Green

    Listing date Dec 3, 2025

    Copyright © 2025 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.

    Overview

    Gainesboro Mixed-Use Investment Opportunity

    This mixed-use property in Gainesboro, Tennessee, presents an investment opportunity with a fully operational laundromat and two attached residential apartments. Constructed in 1964, the 4,220 square foot property is located within the city limits and features 10-foot ceilings. The laundromat has an established local customer base, and all laundry equipment is included in the sale. The two apartments are currently rented, providing consistent monthly residential income. This property is suited for an owner-operator or investor seeking dependable income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gainesboro
    County
    Jackson
    State
    Tennessee
    Longitude
    -85.6546845
    Latitude
    36.3676052

    Nearby Similar for Sale

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    • $120,000
      0.35 Acres

      Gainesboro Commercial Property For Sale

      Commercial building suitable for shop, mechanic, or live-work use.
      2646 Mccoinsville Rd, Gainesboro, TN 38562
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    • $159,900
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      Residential Property in Gainesboro District

      3-bedroom house with hardwood floors, appliances included, near historic district.
      517 S Murray St, Gainesboro, TN 38562
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with laundromat and two income-producing apartments.
    Where is this mixed-use property located?
    The property is located at 701 N Murray St Gainesboro, TN.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: - Diversified income streams from a fully operational laundromat and two rented residential apartments.; - Turnkey laundromat operation with all equipment owned and included in the sale.; - Immediate cash flow from both commercial and residential components.
    (931) 510-7864
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    701 N Murray St Gainesboro, TN 38562
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    Gainesboro, TN 38562
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    701 N Murray St Gainesboro, TN 38562
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