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    Elora Rd Elora, TN 37328

    For Sale
    $471,300

    Versatile Elora Commercial Space, 1.4 Acres

    Property size:
    2,472 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 2,472 square foot mixed-use property located at 0 Elora Road, Elora, Tennessee, presents a unique investment opportunity. Situated on a spacious 1.4-acre lot, this building offers remarkable versatility, catering to a wide range of commercial and residential possibilities. Currently configured as a ready-to-use space, it's ideally suited for a church, community center, club, or various retail ventures such as a thrift store. The expansive layout provides ample room for multiple uses, allowing for customization to meet specific business needs. The property's adaptability extends to residential conversion, presenting an exciting prospect for those seeking a unique live-work environment or a substantial renovation project. The substantial lot size offers ample parking and potential for future expansion or outdoor amenities. This property represents a rare chance to acquire a versatile commercial space with significant potential in a desirable location. Its adaptability and prime location make it an attractive investment for entrepreneurs, community organizations, and developers alike. The asking price of $471,300 reflects the property's significant potential and the current market value. Serious inquiries are encouraged to explore this exceptional opportunity. Don't miss out on this chance to own a piece of Elora's vibrant commercial landscape.

    Property Features for Elora Rd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,472 SF
    Lot Size
    60,984 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Elora
    County
    Lincoln County, TN
    State
    Tennessee
    Longitude
    -86.37411
    Latitude
    35.06345

    Nearby Comparable

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    Nearby Similar for Sale

    • $839,900
      82.45 Acres

      Elora Farmland with Multiple Structures

      82.45 acre farm with barns, ponds, and fenced pastures.
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      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Versatile Elora Commercial Space, 1.4 Acres
    Where is this mixed-use property located?
    The property is located at Elora Rd Elora, TN.
    What is the asking price?
    The asking price for this property is $471,300.
    (931) 380-1820
    Request Owner's contact information
    Elora Rd Elora, TN 37328
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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
    Elora Rd Elora, TN 37328
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