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    309 51 Hwy Ripley, TN 38063

    For Sale
    $1,350,000

    High-traffic retail building & land. Excellent investment opportunity.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional commercial property, located at 309 Highway 51 in Ripley, Tennessee, presents a unique investment opportunity. Situated in a prime location within Ripley's bustling business and retail district, this property boasts high visibility and traffic counts due to its proximity to major retailers, including a Walmart. The property encompasses approximately 13.97 acres and features a substantial 41,000 square foot building complex. Previously occupied by a thriving lumber shed and hardware business, the existing improvements include a large showroom, ample office space, and several additional lumber sheds and storage buildings. The versatile nature of this property allows for a wide range of potential business conversions, making it an ideal choice for entrepreneurs seeking a well-established location with significant space and high traffic exposure. The property's size and existing infrastructure offer considerable flexibility for various commercial ventures. The seller is motivated and ready to close. This is a rare opportunity to acquire a substantial commercial property in a thriving Tennessee market. Don't miss out on this exceptional investment potential.

    Property Features for 309 51 Hwy

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1996
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ripley
    County
    Lauderdale
    State
    Tennessee
    Longitude
    -89.54948
    Latitude
    35.76037

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic retail building & land. Excellent investment opportunity.
    Where is this commercial real estate located?
    The property is located at 309 51 Hwy Ripley, TN.
    What is the asking price?
    The asking price for this property is $1,350,000.
    (731) 635-5511
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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
    309 51 Hwy Ripley, TN 38063
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