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    1505 Verona Caney Rd Lewisburg, TN 37091

    For Sale
    $650,000

    Established Business, 1.8k sqft, 1.26 acres

    Property size:
    1,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional retail property presents a unique investment opportunity in the thriving Lewisburg, TN market. The 1,800 square foot commercial building sits on a spacious 1.26-acre lot, offering ample space for operations and potential expansion. Recent updates include a new 40 x 40 covered back patio, ideal for outdoor seating or events, and a real wood-burning fireplace, creating a welcoming atmosphere. The building is equipped with a durable metal roof, two HVAC units, and commercial-grade smoke eaters, ensuring efficient climate control and safety. The property's functionality is further enhanced by its inclusion of all existing contents (excluding specified items: wall art, poker table, jukebox, dart boards, golf game, and ATM). An attractive add-on option exists: the purchase of an adjacent 7.89-acre parcel zoned for agricultural use. This additional land boasts a scenic Big Rock Creek along its rear boundary, though it's important to note that portions of this acreage fall within a floodplain. The tax parcel ID for this additional land is 057 054.00. This combined property presents a compelling opportunity for a business owner seeking a well-maintained space with significant expansion potential in a rapidly growing area. The asking price for the 1.8k sqft building and 1.26 acres is $650,000.

    Property Features for 1505 Verona Caney Rd

    General Information

    Property type
    Retail properties
    Square Feet
    1,800 SF
    Lot Size
    54,886 SF

    Building Details

    Year Built
    1993
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Burg Bar

    Suggested Use

    Restaurant Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Auto Parts 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
    -86.77576
    Latitude
    35.47823

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    FAQs

    What type of property is this?
    Retail property - Established Business, 1.8k sqft, 1.26 acres
    Where is this retail property located?
    The property is located at 1505 Verona Caney Rd Lewisburg, TN.
    What is the asking price?
    The asking price for this property is $650,000.
    (615) 435-9000
    Request Owner's contact information
    1505 Verona Caney Rd 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
    1505 Verona Caney Rd Lewisburg, TN 37091
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