Historic Mixed-Use Investment
105 Center Ave Dickson, TN 37055
For Sale
$882,900
Downtown Dickson property with commercial and residential income potential.
Property Size7,747 SF
Price / SF$113.97
Days on Market97
Property Features for 105 Center Ave
General Information
- Standard status
- Active
- Size
- 7,747 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1910
Listing Agency:
CRYE-LEIKE, INC., REALTORS
(615) 446-8840
Listed By:
PAM REDDEN
Source:
Corcoran
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 26 at 9:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CRYE-LEIKE, INC., REALTORS
Investment Insights
Based on property information with market context.
This historic investment property is located in downtown Dickson and offers a mix of commercial spaces and residential rentals. The property includes 3 apartments and space for 2 businesses in one location. The owner has recently completed upgrades to the property. The building has a total size of 7,747 square feet and offers income potential and possibilities.
Key Highlights
- Historic investment property in downtown Dickson.
- Combination of commercial spaces and residential rentals.
- Multiple income streams from 3 apartments and 2 businesses.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $158.0k | $20.40 |
| − Vacancy | −$11.2k | −$1.45 |
| EGI | $146.8k | $18.95 |
| − OpEx | −$66.1k | −$8.53 |
| NOI | $80.7k | $10.42 |
7,747 SF · lease $20.40/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.49M
NOI $89,315 @ 7.0% cap · market cap 10.12%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.35M
NOI $80,750 @ 7.0% cap · market cap 9.15%
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $158,968 @ 7.0% cap · market cap 18.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hair Barn
Hair Salon
FAQs
What type of property is this?
Mixed-use property - Downtown Dickson property with commercial and residential income potential.
Where is this mixed-use property located?
The property is located at 105 Center Ave Dickson, TN.
What is the asking price?
The asking price for this property is $882,900.
What are key features of this property?
This property features: Historic investment property in downtown Dickson.; Combination of commercial spaces and residential rentals.; Multiple income streams from **3 apartments and 2 businesses**.
