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    306 Public Sq Centerville, TN 37033

    For Sale
    $399,000

    Thriving salon & 3 rental units. High ROI potential.

    Property size:
    4,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional mixed-use property, located at 306 N Public Sq in the charming town of Centerville, Tennessee, presents a rare investment opportunity. Spanning 4,200 square feet on a 0.05-acre lot, this historic building seamlessly blends old-world charm with modern functionality. The ground floor currently houses a well-established and profitable salon, a beloved local business with a loyal clientele, ensuring a consistent income stream. Above the salon, three updated residential rental units provide additional revenue potential. These units have been thoughtfully renovated, incorporating modern amenities while preserving their historic character, making them highly sought-after by tenants. The building itself has undergone significant maintenance and upgrades, including updated electrical wiring, plumbing, and a modern HVAC system, ensuring long-term efficiency and minimal maintenance costs. This turnkey investment offers a unique blend of commercial and residential income, making it an ideal opportunity for investors seeking a strong return on investment in a vibrant and growing community. The property's prime downtown location provides excellent visibility and accessibility, further enhancing its appeal and potential for future growth. This is a chance to own a piece of Centerville's history and secure a profitable future. The asking price is $399,000.

    Property Features for 306 Public Sq

    General Information

    Property type
    Mixed-use properties
    Square Feet
    4,200 SF
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1900
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    New Beginnings Salon ... Beauty Salon Pure Aesthetics Skincare ... Day Spa

    Suggested Use

    Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Centerville
    County
    Hickman County, TN
    State
    Tennessee
    Longitude
    -87.46653
    Latitude
    35.77916

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Mixed-use property - Thriving salon & 3 rental units. High ROI potential.
    Where is this mixed-use property located?
    The property is located at 306 Public Sq Centerville, TN.
    What is the asking price?
    The asking price for this property is $399,000.
    (615) 790-3400
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    306 Public Sq Centerville, TN 37033
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    Centerville, TN 37033
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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
    306 Public Sq Centerville, TN 37033
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