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    8 Walnut St Hohenwald, TN 38462

    Sponsored
    For Sale
    $159,000

    High-traffic corner lot, owner financing possible.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 0.46-acre mixed-use property in Hohenwald, Tennessee, presents a remarkable investment opportunity. Situated at a four-way stoplight intersection on 8 S Walnut St, this C-2 zoned lot boasts high visibility and accessibility, ensuring maximum exposure for any business venture. A Family Dollar store sits directly across the street, guaranteeing substantial foot traffic and a built-in customer base. The property's strategic location offers three potential entrances, providing flexibility for various business layouts and maximizing operational efficiency. Ample parking is available thanks to an included extra lot adjacent to the main parcel. The property has already received approval for a wide range of downtown commercial uses, making it ideal for entrepreneurs seeking a turnkey location. The seller is open to considering owner financing, making this an even more attractive proposition for qualified buyers. Don't miss this chance to secure a prime commercial location in a thriving community. Act quickly, as opportunities like this are rare.

    Property Features for 8 Walnut St

    General Information

    Property type
    Mixed-use properties
    Lot Size
    20,038 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hohenwald
    County
    Lewis County, TN
    State
    Tennessee
    Longitude
    -87.55849
    Latitude
    35.54832

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    Nearby Similar for Sale

    • $349,900
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      121 Joe Ave, Hohenwald, TN 38462
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    • $175,000
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    FAQs

    What type of property is this?
    Mixed-use property - High-traffic corner lot, owner financing possible.
    Where is this mixed-use property located?
    The property is located at 8 Walnut St Hohenwald, TN.
    What is the asking price?
    The asking price for this property is $159,000.
    (615) 872-0766
    Request Owner's contact information
    8 Walnut St Hohenwald, TN 38462
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    Hohenwald, TN 38462
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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
    8 Walnut St Hohenwald, TN 38462
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