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Mixed-Use Property With Apartments
For Sale
$775,000

120 N Spring St, Manchester, TN 37355

Four one-bedroom residences sit above a flexible commercial area with separate access to the upper floor.

Property Size4,800 SF
Price / SF$161.46
Days on Market52

Property Features for 120 N Spring St

General Information

Standard status Active
Size 4,800 SF

Site & Location

Corner Location Yes
Highway Access Yes

Building Details

Buildings 1
Listing Agency: The Bogetti Partners
Listed By: Maggie Lawrence
Source: Exprealty
Added: Aug 18 Changed: Oct 7 Last Checked: Oct 7 at 2:39PM

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 The Bogetti Partners

Investment Insights

Based on property information with market context.

This mixed-use building combines approximately 4,800 square feet of commercial and residential space. The ground floor is an open commercial area with three entrances that allow for separation of uses. Four one-bedroom apartments occupy the second floor; each has a kitchen and bathroom, and residents have a separate entrance. The building requires updates, leaving its next owner to determine the scope and direction of improvements.

At 118/120 N Spring Street, the property occupies a corner on Manchester’s historic town square in downtown Manchester. I-24 is accessible from the area.

Key Highlights

  • Approximately 4,800 total square feet of mixed‑use space
  • Four upstairs one‑bedroom apartments, each with a kitchen and bathroom
  • Open commercial area with three entrances

Property Analytics

Current Use

Good Karma Cafe Cafe & Coffee Shop Southern Healing Enterprises (Bike/Boat/Book/etc) Store Southern healing farmacy Bakery

Suggested Use

Top Pick Parking Lot & Garage Garden Center (Bike/Boat/Book/etc) Store Computer & Electronic Repair Carpet & Flooring Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

581
Businesses Nearby

Demographics for 37355, TN

28,487
Population
12,288
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
87%
High-School Grad
207.0 sq mi
ZIP Area
138
Density / Sq Mi
$62,943
Median Household Income
$36,583
Median Earnings
$908
Median Rent
$238,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Four one-bedroom residences sit above a flexible commercial area with separate access to the upper floor.
Where is this mixed-use property located?
The property is located at 120 N Spring St Manchester, TN.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Approximately 4,800 total square feet of mixed‑use space; Four upstairs one‑bedroom apartments, each with a kitchen and bathroom; Open commercial area with three entrances
More about this property
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