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    16210 Hwy 64 Hwy Somerville, TN 38068

    For Sale
    $275,000

    Prime Commercial Space, High Visibility Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property, located at 16210 Highway 64 in Somerville, Tennessee, presents a remarkable investment opportunity. Situated in a high-visibility, high-traffic area in the heart of Somerville, this existing building offers substantial space for a variety of commercial uses. The property boasts excellent accessibility, with ample room for both ingress and egress, ensuring convenient access for customers and employees. The building's prominent Highway 64 location guarantees significant exposure to a large volume of daily traffic, providing unparalleled visibility for any business. This presents a unique chance to establish or expand a commercial enterprise in a thriving community. The property's size and location make it ideal for a range of businesses seeking a strong presence in a busy commercial corridor. The existing structure provides a solid foundation for immediate occupancy or potential renovation to suit specific business needs. This is a rare opportunity to acquire a well-positioned commercial property in a desirable location with high potential for return on investment. Serious inquiries are encouraged to explore this exceptional offering further. The asking price is $275,000. The lot size is zero acres. The property type is an office building.

    Property Features for 16210 Hwy 64 Hwy

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1965
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Map

    City
    Somerville
    County
    Fayette
    State
    Tennessee
    Longitude
    -89.49344
    Latitude
    35.23014

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Commercial Space, High Visibility Location
    Where is this office property / space located?
    The property is located at 16210 Hwy 64 Hwy Somerville, TN.
    What is the asking price?
    The asking price for this property is $275,000.
    (901) 465-6560
    Request Owner's contact information
    16210 Hwy 64 Hwy Somerville, TN 38068
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    Somerville, TN 38068
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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
    16210 Hwy 64 Hwy Somerville, TN 38068
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