Hotel Development Opportunity on Public
For Sale
$599,900
1 Public Sq, Lafayette, TN 37083
Approximately 27,000 SF blank-canvas site on Lafayette Public Square with public parking directly in front and strong daily traffic.
Property Size27,000 SF
Price / SF$22.22
Days on Market19
Property Features for 1 Public Sq
General Information
Standard status
Active
Size
27,000 SF
Additional Details
Traffic Count
7,300 vehicles/day
Listing Agency:
Bernie Gallerani Real Estate
(615) 438-6658
Listed By:
Bernie Gallerani
(615) 438-6658
Source:
Exprealty
Added: Jul 13
Changed: Jul 30
Last Checked: Jul 31 at 12:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bernie Gallerani Real Estate
Investment Insights
Based on property information with market context.
Positioned directly on Lafayette Public Square, this versatile hotel-focused property offers approximately 27,000 SF of blank-canvas space suitable for a range of commercial uses. The configuration is designed to support an owner-user who can operate a business while generating additional income through leasing or subleasing. Other potential uses may be available, and buyers are encouraged to check with the city for permitted options.
The property is located near the police department and includes public parking directly in front, creating convenient access for visitors and customers. The site benefits from visibility and steady traffic surrounding the square.
TDOT traffic data indicates the area draws approximately 5,100–7,300 vehicles per day, averaging roughly 210–305 vehicles per hour over a 24-hour period. With continued population growth in Lafayette and ongoing downtown investment and development, the site is positioned for long-term commercial use.
The property is located near the police department and includes public parking directly in front, creating convenient access for visitors and customers. The site benefits from visibility and steady traffic surrounding the square.
TDOT traffic data indicates the area draws approximately 5,100–7,300 vehicles per day, averaging roughly 210–305 vehicles per hour over a 24-hour period. With continued population growth in Lafayette and ongoing downtown investment and development, the site is positioned for long-term commercial use.
Key Highlights
- Approximately 27,000 SF blank‑canvas property on Lafayette Public Square
- Public parking directly in front
- Near the police department
Property Analytics
Current Use
Lease Details
7,300 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
Explore this area
Business Placement
Demographics for 37083, TN
15,786
Population
6,958
Households
2.3
Avg Household Size
39
Median Age
14%
College-Educated
85%
High-School Grad
147.6 sq mi
ZIP Area
107
Density / Sq Mi
$60,215
Median Household Income
$35,419
Median Earnings
$821
Median Rent
$231,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Hotel - Approximately 27,000 SF blank-canvas site on Lafayette Public Square with public parking directly in front and strong daily traffic.
Where is this hotel located?
The property is located at 1 Public Sq Lafayette, TN.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Approximately 27,000 SF blank‑canvas property on Lafayette Public Square; Public parking directly in front; Near the police department
