Downtown Gallatin Commercial
141 E Eastland St Gallatin, TN 37066
141 E Eastland St, Gallatin, TN, 37066
$595,000
For Sale
$595,000
Versatile commercial property with warehouse, office space, and expansion potential.
Property Size3,156 SF
Lot Size0.17 Acres
Price / SF$188.53
Days on Market212
Property Features for 141 E Eastland St
General Information
- Standard status
- Active
- Size
- 3,156 SF
- Lot size
- 0.17 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency
MARTIN REALTY HOUSE
(615) 451-0480
Listed by
MARY JANE FOWLER
Source
Corcoran
Added: Dec 19, 2025 Checked: Jul 19 at 4:49 am
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 MARTIN REALTY HOUSE
Investment Insights
Based on property information with market context.
Located in downtown Gallatin, this commercial property at 141 E Eastland Street offers 3,156 sq ft of space suitable for various business operations. The property features a combination of warehouse and office areas, providing functional space with multiple entrances and garage door access. The sale includes an additional 0.189-acre lot located directly behind the building, offering flexibility for extra parking, storage, or future expansion. The rear lot may also be sold separately. Zoned CS (Commercial Services), the property allows for numerous potential uses, making it ideal for owner-operators, investors, or businesses seeking a downtown presence with room to grow.
Key Highlights
- Prime downtown Gallatin location offers high visibility and accessibility.
- Versatile 3,156 sq ft of commercial space suitable for warehouse and office use.
- Includes an additional 0.189‑acre lot for parking, storage, or expansion.
Local Financial Insights For Office B
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 | $83.3k | $26.40 |
| − Vacancy | −$12.9k | −$4.09 |
| EGI | $70.4k | $22.31 |
| − OpEx | −$17.6k | −$5.58 |
| NOI | $52.8k | $16.73 |
3,156 SF · lease $26.40/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$754.3K
$660.0K – $880.1K
NOI $52,803 @ 7.0% cap · market cap 8.87%
Second Best
Mixed Use
$547.8K
$479.3K – $639.1K
NOI $38,345 @ 7.0% cap · market cap 6.44%
Theoretical Best
Specialty Retail
$1.10M
$966.6K – $1.29M
NOI $77,329 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quality Printing Company
Marketing & Advertising
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Versatile commercial property with warehouse, office space, and expansion potential.
Where is this mixed-use property located?
The property is located at 141 E Eastland St Gallatin, TN.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Prime downtown Gallatin location offers **high visibility and accessibility**.; Versatile 3,156 sq ft of commercial space suitable for warehouse and office use.; Includes an additional 0.189‑acre lot for parking, storage, or expansion.
