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    17745 Hwy 64 Hwy Somerville, TN 38068

    For Sale
    $160,000

    Iconic Elvis-linked commercial property. Prime Somerville location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This exceptional commercial property presents a rare investment opportunity in Somerville, Tennessee. The offering encompasses the legendary Yo-Yo Inn, a historically significant location known for its connection to Elvis Presley. Detailed information regarding this historical association is available in the attached article. The property's strategic location offers significant advantages. It shares a parking lot with a Dollar General store, ensuring high visibility and convenient access for potential customers. Furthermore, the property is bordered to the east by another commercial parcel of 2.8 acres, presenting potential for expansion or synergistic development. While the exact square footage is not currently specified, the property's historical significance and prime location in a busy commercial area make it an attractive proposition for a variety of uses. The asking price for this unique and historically rich commercial property is $160,000. The property's connection to Elvis Presley, combined with its advantageous location and potential for expansion, makes it a compelling investment opportunity for discerning buyers seeking a piece of Americana with significant commercial potential. Serious inquiries are encouraged to explore the possibilities of this remarkable property. The property is offered as-is.

    Property Features for 17745 Hwy 64 Hwy

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1930
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Somerville
    County
    Fayette
    State
    Tennessee
    Longitude
    -89.49344
    Latitude
    35.23014

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    FAQs

    What type of property is this?
    Commercial real estate - Iconic Elvis-linked commercial property. Prime Somerville location.
    Where is this commercial real estate located?
    The property is located at 17745 Hwy 64 Hwy Somerville, TN.
    What is the asking price?
    The asking price for this property is $160,000.
    Request Owner's contact information
    17745 Hwy 64 Hwy 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
    17745 Hwy 64 Hwy Somerville, TN 38068
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