Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    309 Military St Loretto, TN 38469

    For Sale
    $339,000

    High-traffic location, excellent visibility. Great investment opportunity.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional mixed-use commercial property presents a unique investment opportunity in Loretto, Tennessee. Located on N Military St, this 1-acre lot boasts approximately 200 feet of road frontage and a depth of approximately 320 feet, ensuring high visibility and accessibility. The property benefits from city utilities, making it ready for immediate development or expansion. The high-traffic location on a main highway guarantees significant exposure for any business. The lot is currently comprised of two tax parcels, identified as Tax ID# 151B C 011.00 000 and Tax ID# 151B C 010.00 000. Note that a digital billboard currently situated on the property does not convey with the sale

    Property Features for 309 Military St

    General Information

    Property type
    Mixed-use properties
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1953
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    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
    Loretto
    County
    Lawrence County, TN
    State
    Tennessee
    Longitude
    -87.43171
    Latitude
    35.08418

    Nearby Comparable

    • $399,900
      7.60 Acres

      Loretto Acreage For Sale

      7.6 Acres in Loretto, TN with utilities available.
      205 Dixon Rd E, Loretto, TN 38469
      View Details
    • $32,000

      Loretto, TN Home - $32,000

      Affordable Stick-Built Home in Loretto
      Rigling Rd, Loretto, TN 38469
      View Details
    • $299,000
      1,680 SF

      New Home on 4.5 Acres

      New 3-bedroom, 2-bath home on 4.5 acres near Loretto.
      389 Busby Rd, Loretto, TN 38469
      View Details
    • $249,000
      2,400 SF

      Leoma Mixed-Use Building - Highway 43

      High-traffic location, versatile building, great potential.
      2816 Highway 43, Leoma, TN 38468
      View Details
    • $110,000

      Leoma Land with Road Frontage

      4.64 acres of cleared land ready for development.
      89 S Bradley Rd, Leoma, TN 38468
      View Details

    Nearby Similar for Sale

    • $299,000
      1,680 SF

      New Home on 4.5 Acres

      New 3-bedroom, 2-bath home on 4.5 acres near Loretto.
      389 Busby Rd, Loretto, TN 38469
      View Details
    • $32,000

      Loretto, TN Home - $32,000

      Affordable Stick-Built Home in Loretto
      Rigling Rd, Loretto, TN 38469
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - High-traffic location, excellent visibility. Great investment opportunity.
    Where is this mixed-use property located?
    The property is located at 309 Military St Loretto, TN.
    What is the asking price?
    The asking price for this property is $339,000.
    (931) 762-3399
    Request Owner's contact information
    309 Military St Loretto, TN 38469
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    309 Military St
    Loretto, TN 38469
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    309 Military St Loretto, TN 38469
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.