Retail Space in Downtown
101 S Main St Mount Pleasant, TN 38474
101 S Main St, Mount Pleasant, TN, 38474
$325,000
For Sale
$325,000
Retail space with open layout, ready for immediate occupancy.
Property Size1,680 SF
Lot Size0.03 Acres
Price / SF$193.45
Days on Market175
Property Features for 101 S Main St
General Information
- Standard status
- Active
- Size
- 1,680 SF
- Lot size
- 0.03 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency
EXIT TRULY HOME REALTY
(615) 302-3213
Listed by
JESSICA GRAVES, BROKER
Source
Corcoran
Added: Jan 26 Updated: Jul 6 at 10:06 am Checked: Jul 20 at 4:10 am
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 EXIT TRULY HOME REALTY
Investment Insights
Based on property information with market context.
This retail space, encompassing 1,680 square feet, is available for sale and ready for immediate occupancy. The interior features a freshly painted finish and includes a large open area at the front, complemented by an additional open space in the back. The property is situated in a downtown location, specifically across from Mt. Pleasant Grille, presenting a business opportunity.
Key Highlights
- Immediate move‑in availability.
- Great location across from Mt. Pleasant Grille.
- Opportunity to get into downtown before prices increase.
Local Financial Insights For Retail
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 | $38.7k | $23.04 |
| − Vacancy | −$1.6k | −$0.94 |
| EGI | $37.1k | $22.10 |
| − OpEx | −$11.1k | −$6.63 |
| NOI | $26.0k | $15.47 |
1,680 SF · lease $23.04/SF/yr · vacancy 4.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$371.2K
$324.8K – $433.1K
NOI $25,984 @ 7.0% cap · market cap 8.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$492.5K
$430.9K – $574.6K
NOI $34,474 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Retail space with open layout, ready for immediate occupancy.
Where is this retail space located?
The property is located at 101 S Main St Mount Pleasant, TN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Immediate move‑in availability.; Great location across from Mt. Pleasant Grille.; Opportunity to get into downtown before prices increase.
