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Property profile & analytics
OFF-MARKET
Retail space

862 Broad St Lexington, TN 38351-2206

1,248 SF 5.13 ac lot Built 1984
Individually Owned 4-yr Hold Free & Clear
Property ID
US80-2623063
Property summary
AI-generated overview

This exceptional retail property, located at 862 South Broad Street in Lexington, Tennessee, presents a unique investment opportunity. The building boasts 1,248 square feet of versatile commercial space, ideal for a variety of retail businesses. Its prime location on South Broad Street ensures high visibility and accessibility, benefiting from significant daily traffic flow. The property sits on a generous 5.13-acre lot, offering ample space for expansion, additional parking, or outdoor displays. The asking price is $750,000, representing a compelling value for a property of this size and location in a growing market. The building's existing structure provides a solid foundation for immediate occupancy, allowing for a quick start to operations. The substantial lot size offers significant potential for future development or expansion, catering to the needs of a growing business. This property is well-suited for entrepreneurs seeking a prominent location to establish or expand their retail presence. Its strategic positioning and generous land area make it an attractive investment opportunity with considerable long-term potential. The combination of a desirable location, ample space, and competitive pricing makes this property a truly exceptional offering in the Lexington, Tennessee market. Serious inquiries are encouraged to explore this promising investment opportunity further.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1984
Total area 1,248 SF
Lot 5.13 ac (223,463 SF)
Zoning code B2
APN 039092 04300
UPID US80-2623063
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Green Thumb Nursery & Florist (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Melonie Foster Hennesy · 4 yrs held
Melonie Foster Hennesy
since 2021
5 recorded transactions
2021
Price N/A
2018
Price N/A
1991
$1,350
1990
$1,350
1969
Price N/A
Zoning & alternative use
B2 · Lexington, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source zoning ordinance
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