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    706 Main St Columbia, TN 38401

    Sponsored
    For Sale
    $1,599,999

    Boutique Hotel Opportunity - Downtown Columbia

    Property size:
    7,599 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This stunning 7,599 sq ft mixed-use property at 706 N Main St, Columbia, TN, presents a unique investment opportunity. The Nelson House Hotel, a historic landmark, sits on a 0.27-acre lot just one block from the town square. This property offers immense potential for redevelopment as a boutique hotel (the only one in downtown Columbia), restaurant, meeting space, or even a remarkable primary residence. The building boasts original architectural details including brick, wood flooring, a grand staircase, paneled doorways, transoms, fireplaces, and metal surrounds, all awaiting restoration. Included is a separate small brick building currently used for storage of original architectural elements removed during the beginning of a prior renovation. A significant advantage is the asphalt parking lot to the north, offering buildable space allowing for a structure up to five levels high. Detailed professional floor plans and supporting documentation, including a survey and engineering letter, are available. The property's rich history is well-documented, adding to its unique appeal and investment potential. This is a chance to own a piece of Columbia's heritage and shape its future.

    Property Features for 706 Main St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    7,599 SF
    Lot Size
    11,761 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Maury County, TN
    State
    Tennessee
    Longitude
    -87.03355
    Latitude
    35.61568

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    FAQs

    What type of property is this?
    Mixed-use property - Boutique Hotel Opportunity - Downtown Columbia
    Where is this mixed-use property located?
    The property is located at 706 Main St Columbia, TN.
    What is the asking price?
    The asking price for this property is $1,599,999.
    (615) 261-8116
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    706 Main St Columbia, TN 38401
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    Columbia, TN 38401
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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
    706 Main St Columbia, TN 38401
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