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    862 South Broad St Lexington, TN 38351

    For Sale
    $700,000

    Retail - Lexington, TN

    Type:Retail
    Property size:
    1,248 SF
    Lot size:
    5.13 Acres
    Days on Market:
    87
    Last Refresh:
    Dec 7 at 2:06 am

    Property Features for 862 South Broad St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    CENTRAL BUSINES
    APN
    043.00
    Parking
    25
    Size
    1,248 SF
    Lot size
    5.13 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Electric

    Building Details

    Year built
    1984
    Flooring type
    Concrete
    Building materials
    Metal Siding
    Architectural style
    Other

    RE/MAX Unlimited (731) 249-5376 [email protected]

    Listing agent Linda K. Lipscomb (731) 249-5376

    Listing date Sep 12, 2025

    MLS# 207662 Listing URL

    Copyright © 2025 Central West Tennessee 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

    Lexington Retail/Office on 5 Acres

    This commercial property, situated on 5.13 acres just south of Lexington and close to the new bypass, features a newly remodeled retail office space. The building offers 1248 square feet of space. Zoned CENTRAL BUSINES, the property can be sold as a working business or modified to fit specific business needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Green Thumb Nursery ... Florist

    Suggested Use

    Building Supply Gym & Fitness Auto Repair Shop Wholesale Shop Daycare Center Cafe & Coffee Shop Electronics Store Pawn Shop Furniture Store Shopping Mall

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Henderson
    State
    Tennessee
    Longitude
    -88.406609
    Latitude
    35.626186

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    FAQs

    What type of property is this?
    Retail space - Remodeled retail/office space on 5 acres near Lexington bypass.
    Where is this retail space located?
    The property is located at 862 South Broad St Lexington, TN.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - Prime commercial property location just south of Lexington near the new bypass.; - 5-acre lot offers significant development potential.; - Newly remodeled retail office space.
    (731) 249-5376
    Request Owner's contact information
    862 South Broad St Lexington, TN 38351
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    Lexington, TN 38351
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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
    862 South Broad St Lexington, TN 38351
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