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    200 W 3Rd St Columbia, TN 38401

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    For Sale
    $700,000

    Versatile commercial property with drive-thru, expansion potential, and income.

    Property size:
    770 SF
    Lot size:
    0.17 Acres

    Property Features for 200 W 3Rd St

    General Information

    Standard status
    Active
    Size
    770 SF
    Lot size
    0.17 Acres

    Building Details

    Year built
    1987

    Source: LHI HOMES INTERNATIONAL Agent KATHY MEADE

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Property with Drive-Thru

    This commercial property is located in the heart of downtown and offers high visibility from N Garden St (Hwy 31). Currently operating as Victor's Taco Shop, the building is set up as a drive-thru but could be modified for various uses. A lease is in place with the current tenant, providing immediate income potential. The sale includes the building plus four additional adjoining lots, totaling over 1 acre across all five parcels, offering flexibility for expansion, redevelopment, or long-term investment. The building size is 770 square feet. The property is suitable for drive-through restaurants, restaurants, retail properties, storefront properties, individual retail properties, commercial land, and land. The seller would need a time frame for lease-back to move Victors Tacos to a new location, if purchasing the building and 4 adjoining lots. The four parcels, not including the building, are available for $550,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Victor's Taco Shop Taco Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Maury
    State
    Tennessee
    Longitude
    -87.035626
    Latitude
    35.620749

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    FAQs

    What type of property is this?
    Drive through restaurant - Versatile commercial property with drive-thru, expansion potential, and income.
    Where is this drive through restaurant located?
    The property is located at 200 W 3Rd St Columbia, TN.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - Strategic downtown location with high visibility on N Garden St (Hwy 31).; - Includes the building and four additional adjoining lots, totaling over 1 acre.; - Existing drive-thru setup, currently operating as a restaurant.
    (615) 970-9632
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    Columbia, TN 38401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    200 W 3Rd St Columbia, TN 38401
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