519 Tpke Rd Lawrenceburg, TN 38464
This exceptional mixed-use property at 519 Turnpike Road, Lawrenceburg, TN, offers a unique blend of residential and commercial space. The property encompasses a generous 1.02-acre lot with excellent road frontage, providing ample space and visibility. The main building features a spacious 800-square-foot, one-bedroom apartment, easily convertible to a two-bedroom layout, complete with a full kitchen, one full bathroom, and two half-bathrooms. The apartment includes washer and dryer hookups and boasts two new HVAC systems for year-round comfort. The substantial 3200-square-foot shop is a key feature, equipped with six 12-foot doors for convenient access and maneuverability. Ideal for a variety of uses, including automotive repair, restoration, woodworking, or other similar businesses. The property also includes an additional storage building, providing extra space for equipment or inventory. New flooring is being installed, and updated photos will be available soon. The property's size, layout, and location make it an attractive investment opportunity with significant potential. The total square footage of the buildings is 4,000 square feet. This property is priced at $350,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.