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    1175 Ellington Pkwy Lewisburg, TN 37091

    Sponsored
    For Sale
    $950,000

    8,400 SF Retail Space, 2 Leased Units, Expansion Potential

    Property size:
    8,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 8,400 square foot retail property presents a compelling investment opportunity in Lewisburg, Tennessee's burgeoning commercial district. Situated on a half-acre lot at 1175 N Ellington Pkwy, the property boasts two currently leased units, generating immediate income. A significant portion of the building, measuring 2,714 square feet, is currently vacant but offers considerable flexibility. This space could easily be subdivided into two additional units, increasing rental income and maximizing the property's potential. The existing infrastructure includes pre-installed and state-compliant underground fuel tanks, presenting a unique opportunity to add gas pumps to the property, further enhancing its value and revenue streams. This prime location in a rapidly developing area ensures strong potential for future growth and appreciation. The property's size, existing tenancy, and expansion possibilities make it an ideal investment for both seasoned and emerging commercial real estate investors seeking a high-return opportunity in a thriving market. The asking price of $950,000 reflects the property's significant potential and current income generation. This is a rare chance to acquire a versatile retail property with immediate income and substantial upside in a dynamic and promising location.

    Property Features for 1175 Ellington Pkwy

    General Information

    Property type
    Retail properties
    Square Feet
    8,400 SF
    Lot Size
    21,780 SF

    Building Details

    Year Built
    1975
    Property Profile Location Intelligence

    Current Use by Public Records

    Citgo Gas Station K AND S MARKET Convenience Store M.C. Auto Detailing Car Detailing Service K & S Market ... Tobacco Shop Designed Comfort Systems Hvac Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewisburg
    County
    Marshall County, TN
    State
    Tennessee
    Longitude
    -86.78799
    Latitude
    35.46495

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    FAQs

    What type of property is this?
    Retail property - 8,400 SF Retail Space, 2 Leased Units, Expansion Potential
    Where is this retail property located?
    The property is located at 1175 Ellington Pkwy Lewisburg, TN.
    What is the asking price?
    The asking price for this property is $950,000.
    (931) 540-8400
    Request Owner's contact information
    1175 Ellington Pkwy Lewisburg, TN 37091
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    Lewisburg, TN 37091
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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
    1175 Ellington Pkwy Lewisburg, TN 37091
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