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    17650 Hwy 64 Hwy Somerville, TN 38068

    For Sale
    $350,000

    4000 sq ft Commercial Building, Prime Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This exceptional commercial property presents a fantastic opportunity for entrepreneurs seeking a well-maintained space in the heart of Somerville, Tennessee. The main building boasts a substantial 4000 square feet, constructed in 2016 with durable Class S concrete and steel, and featuring ample insulation for energy efficiency. The building is thoughtfully divided into two sections. The larger section, encompassing 3000 square feet, includes two bathrooms and a kitchenette, currently used for personal storage which will be thoroughly cleaned prior to closing. The second section, measuring 1000 square feet, is currently leased on a month-to-month basis and includes one bathroom. Adding to the property's versatility is a smaller adjoining building of 320 square feet, equipped with its own bathroom. The property benefits from two central air conditioning units, a 5-ton unit and a 1-ton unit, ensuring comfortable climate control throughout the entire space. This property is ideally suited for a variety of commercial uses, offering a blend of established rental income and ample space for expansion or a new venture. The prime location in Somerville guarantees high visibility and accessibility. Priced at $350,000, this is a compelling investment opportunity not to be missed.

    Property Features for 17650 Hwy 64 Hwy

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    2016
    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 - 4000 sq ft Commercial Building, Prime Location
    Where is this commercial real estate located?
    The property is located at 17650 Hwy 64 Hwy Somerville, TN.
    What is the asking price?
    The asking price for this property is $350,000.
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    17650 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
    17650 Hwy 64 Hwy Somerville, TN 38068
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