110 W Third Ave, Carthage, TN 37030
COMMERCIAL - Carthage, TN
- Added:
- Jun 9, 2026
- Days on Market:
- 29
- Last Refresh:
- Jul 7 at 8:06 am
Property Features for 110 W Third Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Security features
- Security System
- Basement
- Unfinished
- Standard status
- Active
- APN
- 020.00
- Size
- 5,388 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2710
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Building materials
- Block, Brick
- Roof type
- Rubber
Listing agent Judy Smith (615) 489-7719
Listing office Blackwell Realty & Auction Carthage 941 Upper Ferry Rd, Carthage, TN (615) 588-1700
Listing date Jun 9, 2026
Copyright © 2026 Upper Cumberland Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Dual‑purpose property: Established event venue (211 guest capacity) and residential loft.
- High‑demand event space with modern commercial kitchen, sound system, and bar/lounge.
- Spacious 2,694 sqft 3BR/2BA loft apartment with city views.
- Ideal for weddings, corporate events, Airbnb, or private urban retreat.
- Prime downtown Carthage location.
- Constructed with durable block and brick materials.
Overview
Located in downtown Carthage, Tennessee, the building sits at 110 W Third Ave and is identified with Commercial zoning. Its configuration allows the first floor to function as a dedicated gathering space while maintaining a separate residential level above.
This property can fit buyers seeking a hands-on operation that blends event hosting with an on-site loft residence or short-term rental concept. For tenants and operators, the existing event setup—including the commercial kitchen and sound system—supports immediate use for weddings, corporate events, and social gatherings, while the upstairs loft provides a self-contained residential option for complementary business models.
Local 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 | $109.9k | $20.40 |
| − Vacancy | −$7.8k | −$1.45 |
| EGI | $102.1k | $18.95 |
| − OpEx | −$46.0k | −$8.53 |
| NOI | $56.2k | $10.42 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Carthage
- County
- Smith
- State
- Tennessee
- Longitude
- -85.95238
- Latitude
- 36.252245
