Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2816 Highway 43 Leoma, TN 38468

    For Sale
    $249,000

    High-traffic location, versatile building, great potential.

    Property size:
    2,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional mixed-use property, located at 2816 Highway 43 S in Leoma, Tennessee, presents a compelling investment opportunity. The building boasts 2,400 square feet of space, situated on a 1.02-acre lot, offering significant versatility for a range of business ventures. Its prime location benefits from high visibility and traffic flow due to its road frontage on both Highway 43 and Lambs Ferry Road, ensuring excellent exposure for any business. The building's structure is solid, further enhanced by a recently installed roof, providing peace of mind for potential owners. The substantial lot size allows for ample parking and potential for future expansion or outdoor uses, depending on the intended business model. This property is ideally suited for entrepreneurs seeking a well-positioned space with significant growth potential in a thriving area. The combination of size, location, and recent improvements makes this a truly attractive proposition for those seeking a strong return on investment. Serious inquiries are encouraged to explore the possibilities this unique property offers. The asking price is $249,000.

    Property Features for 2816 Highway 43

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,400 SF
    Lot Size
    44,431 SF

    Building Details

    Year Built
    1960
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Building Supply Auto Repair Shop Kitchen & Bath Storage Facility Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Leoma
    County
    Lawrence County, TN
    State
    Tennessee
    Longitude
    -87.3753
    Latitude
    35.13529

    Nearby Comparable

    • $110,000

      Leoma Land with Road Frontage

      4.64 acres of cleared land ready for development.
      89 S Bradley Rd, Leoma, TN 38468
      View Details
    • $32,000

      Loretto, TN Home - $32,000

      Affordable Stick-Built Home in Loretto
      Rigling Rd, Loretto, TN 38469
      View Details
    • $339,000
      1.00 Acre

      Loretto Mixed-Use Commercial Lot

      High-traffic location, excellent visibility. Great investment opportunity.
      309 Military St, Loretto, TN 38469
      View Details
    • $399,900
      7.60 Acres

      Loretto Acreage For Sale

      7.6 Acres in Loretto, TN with utilities available.
      205 Dixon Rd E, Loretto, TN 38469
      View Details
    • $299,000
      1,680 SF

      New Home on 4.5 Acres

      New 3-bedroom, 2-bath home on 4.5 acres near Loretto.
      389 Busby Rd, Loretto, TN 38469
      View Details
    • $1,551,921

      Open Farm with Multiple Creeks

      150-acre farm featuring creeks, pond, springs, and outbuildings.
      Fall River Rd, Leoma, TN 38468
      View Details

    Nearby Similar for Sale

    • $1,551,921

      Open Farm with Multiple Creeks

      150-acre farm featuring creeks, pond, springs, and outbuildings.
      Fall River Rd, Leoma, TN 38468
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - High-traffic location, versatile building, great potential.
    Where is this mixed-use property located?
    The property is located at 2816 Highway 43 Leoma, TN.
    What is the asking price?
    The asking price for this property is $249,000.
    (931) 762-3399
    Request Owner's contact information
    2816 Highway 43 Leoma, TN 38468
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2816 Highway 43
    Leoma, TN 38468
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2816 Highway 43 Leoma, TN 38468
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.