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    721 State Hwy Waynesboro, TN 38485

    For Sale
    $189,900

    Prime Location, Retail Opportunity, Turnkey Ready

    Property size:
    2,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This 2,000 square foot mixed-use commercial building, located at 721 State Hwy 99 in Waynesboro, Tennessee, presents a fantastic opportunity for a variety of retail businesses. Priced at $189,900, this property is ideally suited for a retail clothing store, coffee shop, bakery, or similar venture. The building's history includes operation as a small restaurant, and it features a dedicated area previously used for food preparation and serving, making it a turnkey solution for a breakfast and lunch cafe. All existing furnishings and appliances are included in the sale, significantly reducing start-up costs and allowing for immediate occupancy. The building sits on a lot with no acreage, offering convenient access and minimal land maintenance. This prime location on State Highway 99 ensures high visibility and accessibility for customers. The property's versatile layout and included equipment make it an attractive investment for entrepreneurs seeking a ready-to-operate commercial space in a thriving community. This is a rare opportunity to acquire a well-equipped, established commercial space at an attractive price point. Don't miss out on this chance to establish your business in a highly visible and convenient location.

    Property Features for 721 State Hwy

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,000 SF

    Building Details

    Year Built
    1958
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Waynesboro
    County
    Wayne County, TN
    State
    Tennessee
    Longitude
    -87.74393
    Latitude
    35.32507

    Nearby Comparable

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      Retail Building in Barlow Shopping Center

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    • $2,024,000
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      Sonic Drive-In: Waynesboro, TN

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    • $299,000
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      Highway Frontage Land For Sale

      30.49 acres of land on US Highway 64.
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    • $98,900
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      Commercial Building on Highway 64

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    Nearby Similar for Sale

    • $98,900
      0.28 Acres

      Commercial Building on Highway 64

      Commercial building or home for sale in prime location.
      1227 Savannah Hwy, Waynesboro, TN 38485
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    • New
      $99,000

      Retail Building in Barlow Shopping Center

      Commercial building in Waynesboro, TN, located near local businesses.
      723 Highway 99, Waynesboro, TN 38485
      View Details
    • $2,024,000
      1,273 SF

      Sonic Drive-In: Waynesboro, TN

      High-Yield Net Lease Investment
      224 Dexter L Woods Memorial Blvd, Waynesboro, TN 38485
      View Details
    • $675,000
      21,007 SF

      527 Highway 64

      Lifestyle centers • 21,007 SF
      527 Highway 64, Waynesboro, TN 38485
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Prime Location, Retail Opportunity, Turnkey Ready
    Where is this mixed-use property located?
    The property is located at 721 State Hwy Waynesboro, TN.
    What is the asking price?
    The asking price for this property is $189,900.
    (931) 324-2700
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    721 State Hwy Waynesboro, TN 38485
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    Waynesboro, TN 38485
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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
    721 State Hwy Waynesboro, TN 38485
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