Building Details

Year Built 1969

Stories 1

Listing Agency: Tennessee Realty

Listed By: Nikki Rogers · License #333560 Show Phone

Source: Crexi

Added: Nov 8, 2024 Changed: Oct 8 Last Checked: Oct 16 at 6:02AM

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Investment Insights

Based on property information with market context.

Located in the heart of Ridgely, Tennessee, this commercial property offers a great business location. The property, previously a bank, could be suitable for use as an office. The building has a size of 2120 square feet.

Key Highlights

• Great business location in the heart of Ridgely
• Previous bank location
• Suitable for office use

Property Analytics

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Current Use

Banks

Suggested Use

Top Pick Building Supply Auto Parts Store Bakery Grocery & Convenience Store Auto Repair Shop Cafe & Coffee Shop

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

Location Intelligence

Trade Area within ½ mile

98

Businesses Nearby

3k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Family Dollar Shops & Services

1,828 visits/mo 0.2 miles

Cadence Bank Shops & Services

1,168 visits/mo 0.2 miles

Demographics for 38080, TN

2,408

Population

1,126

Households

2.1

Avg Household Size

45

Median Age

11%

College-Educated

68%

High-School Grad

139.4 sq mi

ZIP Area

17

Density / Sq Mi

$33,750

Median Household Income

$30,034

Median Earnings

$613

Median Rent

$80,200

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Bank - Former bank building in the heart of Ridgely, Tennessee.

Where is this bank located?

The property is located at 124 S Main St Ridgely, TN.

What is the asking price?

The asking price for this property is $145,000.

What are key features of this property?

This property features: Great business location in the heart of Ridgely; Previous bank location; Suitable for office use