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Versatile Commercial House in Smyrna

103 Morgan Ave Smyrna, Smyrna, TN 37167

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For Sale

$439,900

Adaptable 1,450 sqft commercial house on 18,000 sqft lot.

Type:Commercial

Property size:

1,450 SF

Lot size:

0.42 Acres

Price / SF:

$303/SF

Listing Contact

SHAWN WRIGHT

HighLights

Versatile 1,450 sqft house adaptable for various C2 zoning uses.
Generous 18,000 sqft lot offers potential for expansion or additional parking.
Prime location suitable for establishing or growing a business.
Functional kitchen with ample cabinetry.
Spacious living area with GLEAMING HARDWOOD FLOORS.
Flexible layout with several rooms suitable for offices or retail spaces.

For Sale

$439,900

Adaptable 1,450 sqft commercial house on 18,000 sqft lot.

Type:Commercial

Property size:

1,450 SF

Lot size:

0.42 Acres

Price / SF:

$303/SF

Added:: Aug 30, 2025
Days on Market:: 286
Last Refresh:: May 11 at 1:02 am

Property Features for 103 Morgan Ave Smyrna

General Information

Standard status: Active
Size: 1,450 SF
Lot size: 0.42 Acres
Property subtype: Commercial

Building Details

Year Built: 1950

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Listing Contact

SHAWN WRIGHT

Listing agent SHAWN WRIGHT

Listing office CENTURY 21 WRIGHT REALTY

Listing date Aug 30, 2025

Source Corcoran

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 CENTURY 21 WRIGHT REALTY

HighLights

Versatile 1,450 sqft house adaptable for various C2 zoning uses.
Generous 18,000 sqft lot offers potential for expansion or additional parking.
Prime location suitable for establishing or growing a business.
Functional kitchen with ample cabinetry.
Spacious living area with GLEAMING HARDWOOD FLOORS.
Flexible layout with several rooms suitable for offices or retail spaces.

Overview

Located in Smyrna, TN, this commercial property at 103 Morgan Ave features a 1,450 sqft house on an 18,000 sqft lot, suitable for various C2 zoning uses. The existing layout includes a living area with hardwood floors and a functional kitchen with cabinetry. Several rooms offer flexibility for offices or retail spaces. The property also features a large backyard, suitable for expansion or additional parking. This property is suited for businesses looking to establish or expand their presence.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$49.2k	$33.96
− Vacancy	−$2.0k	−$1.36
EGI	$47.3k	$32.60
− OpEx	−$14.2k	−$9.78
NOI	$33.1k	$22.82

1,450 SF · lease $33.96/SF/yr · vacancy 4.00% · expense 30.00%

Alternative Uses

Best Use

Retail

$472.7K

$413.6K – $551.5K (±1% cap)

NOI $33,091 @ 7.0% cap · market cap 7.52%

Second Best

Office B

$346.6K

$303.3K – $404.3K (±1% cap)

NOI $24,260 @ 7.0% cap · market cap 5.51%

Theoretical Best

Specialty Retail

$501.1K

$438.5K – $584.6K (±1% cap)

NOI $35,078 @ 7.0% cap · market cap 7.97%

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

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Similar Places Nearby

Accents with Love — 173 N Lowry St, Smyrna, TN 37167

Location Insight

Map
Local Demand

City: Smyrna
County: Rutherford
State: Tennessee
Longitude: -86.5228
Latitude: 35.9888

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For sale
Storefront properties
TN
Smyrna
37167
103 Morgan Ave

What type of property is this?

Storefront property - Adaptable 1,450 sqft commercial house on 18,000 sqft lot.

Where is this storefront property located?

The property is located at 103 Morgan Ave Smyrna Smyrna, TN.

What is the asking price?

The asking price for this property is $439,900.

What are key features of this property?

This property features: Versatile 1,450 sqft house adaptable for various C2 zoning uses.; Generous 18,000 sqft lot offers potential for expansion or additional parking.; Prime location suitable for establishing or growing a business.