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    1085 Ellington Pkwy Lewisburg, TN 37091

    For Sale
    $399,900

    Mixed-use office/retail, high traffic area.

    Property size:
    2,176 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 2,176 square foot, full-brick building presents a unique investment opportunity in Lewisburg, TN. Situated on a 0.2-acre lot (100x100 feet), this property boasts a prime location with high traffic flow and excellent visibility, making it ideal for a variety of uses. Currently configured as two separate office spaces, the building offers flexibility for both owner-occupancy and rental income. The left side, encompassing 992 square feet, is currently leased to a Hearing Aide Center. The right side, a former 1,184 square foot dental office, is vacant and ready for immediate occupancy or lease. Each side features two half-baths, a dedicated office area, a lobby/waiting area, walk-in closets, and two separate entrances. Individual electric meters and central heating/air conditioning units provide efficient utility management. The building is in good condition and easily shown, making it an attractive prospect for both investors seeking rental income and businesses looking for a well-maintained space. This property offers a compelling blend of immediate income potential and future growth opportunities. Priced at $399,900.

    Property Features for 1085 Ellington Pkwy

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,176 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1972
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Hearing Aid Center Hearing Aid Store Ferguson James L ... Orthodontist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewisburg
    County
    Marshall County, TN
    State
    Tennessee
    Longitude
    -86.78677
    Latitude
    35.46409

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    FAQs

    What type of property is this?
    Office Property / Space - Mixed-use office/retail, high traffic area.
    Where is this office property / space located?
    The property is located at 1085 Ellington Pkwy Lewisburg, TN.
    What is the asking price?
    The asking price for this property is $399,900.
    (931) 359-9393
    Request Owner's contact information
    1085 Ellington Pkwy Lewisburg, TN 37091
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    Lewisburg, TN 37091
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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
    1085 Ellington Pkwy Lewisburg, TN 37091
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