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    2416 Memorial Blvd Springfield, TN 37172

    Sponsored
    For Sale
    $575,000

    Versatile Office Space, Excellent Visibility

    Property size:
    3,354 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 3,354 square foot office building is ideally situated on Memorial Boulevard in Springfield, Tennessee, offering unparalleled visibility and accessibility. The property sits on a 0.63-acre lot and boasts ample paved parking in both the front and rear, ensuring convenient access for clients and employees. Previously occupied by a financial institution, the building retains valuable features such as a drive-thru, perfect for a variety of professional uses. The versatile space is suitable for a range of businesses, including retail, medical practices, and other professional offices. The building is equipped with a diesel backup generator, providing peace of mind during power outages. Its prime location offers easy access to downtown Springfield, Northcrest Hospital, and the Highland Crest College campus, ensuring a strong client base and convenient commute for employees. Recent improvements include a new roof installed in 2022, demonstrating the building's well-maintained condition. This turnkey opportunity presents a rare chance to acquire a highly functional and strategically located commercial property in a thriving community. The asking price is $575,000. Don't miss this chance to own a piece of Springfield's commercial landscape.

    Property Features for 2416 Memorial Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,354 SF
    Lot Size
    27,443 SF

    Building Details

    Year Built
    1941
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Robertson County, TN
    State
    Tennessee
    Longitude
    -86.87015
    Latitude
    36.49071

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    FAQs

    What type of property is this?
    Office Property / Space - Versatile Office Space, Excellent Visibility
    Where is this office property / space located?
    The property is located at 2416 Memorial Blvd Springfield, TN.
    What is the asking price?
    The asking price for this property is $575,000.
    (615) 384-9095
    Request Owner's contact information
    2416 Memorial Blvd Springfield, TN 37172
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    Springfield, TN 37172
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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
    2416 Memorial Blvd Springfield, TN 37172
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