Downtown Retail
For Sale
Contact for pricing
220 Public Square, Lafayette, TN 37083
For sale retail storefront on Public Square in Lafayette, TN, suitable for a small business looking for a downtown presence.
Property Size3,520 SF
Price / SF$134.94
Days on Market138
Property Features for 220 Public Square
General Information
Standard status
Active
Size
3,520 SF
Total Parking Spaces
5
Property subtype
Retail, Office, Mixed Use
Zoning
Commercial
Lease Type
Gross
Building Details
Year Built
1908
Units
1
Tenancy
Single
Listing Agency:
Benchmark Realty, LLC
Listed By:
Lori Mofield · License #TN 354294
(615) 564-0440
Source:
Crexi
Added: Jun 7
Changed: Oct 1
Last Checked: Oct 20 at 6:46PM
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 Benchmark Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering is a retail storefront property for sale located at 220 Public Sq in Lafayette, Tennessee. The property is presented as a retail space within the commercial storefront category, positioned to serve storefront-oriented retail and related street-level uses.
The property sits on Public Square in Lafayette, within Macon County. Public directions indicate access via Highway 52 in Lafayette and Red Boiling Springs Road when approaching from the Highway 52 side, and via Scottsville Highway when approaching from Kentucky, with routes converging at Public Square.
For tenants, owners, or investors seeking a smaller-format retail location, a storefront on Public Square can provide a practical setup for businesses that rely on regular walk-in traffic and customer visits. Prospective buyers should confirm the property’s current configuration and any building-specific details with the listing broker during due diligence, including suitability for their intended retail operation.
The property sits on Public Square in Lafayette, within Macon County. Public directions indicate access via Highway 52 in Lafayette and Red Boiling Springs Road when approaching from the Highway 52 side, and via Scottsville Highway when approaching from Kentucky, with routes converging at Public Square.
For tenants, owners, or investors seeking a smaller-format retail location, a storefront on Public Square can provide a practical setup for businesses that rely on regular walk-in traffic and customer visits. Prospective buyers should confirm the property’s current configuration and any building-specific details with the listing broker during due diligence, including suitability for their intended retail operation.
Key Highlights
- Retail storefront for sale on Public Square in Lafayette, TN
- Suitable for a small business seeking a downtown presence
- Year built: 1908
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,026
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$820,520
$820.5K
Cap Rate 7%
$586,086
$586.1K
Cap Rate 9%
$455,844
$455.8K
Market Conditions
NOI Build-Up for 3,520 SF
Gross rent
$63.4K $18.00/SF
− Vacancy
−$4.8K −$1.35/SF
EGI
$58.6K $16.65/SF
− OpEx
−$17.6K −$5.00/SF
NOI
$41.0K $11.66/SF
Area
Macon County, TN
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$820,520
Cap Rate 7%
$586,086
Cap Rate 9%
$455,844
Alternative Uses
Best Use
Retail
$586.1K
$512.8K – $683.8K
NOI $41,026 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$902.9K – $1.20M
NOI $72,230 @ 7.0% cap · market cap 15.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
45k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 49%
McDonald's
Dining
21,662 visits/mo
0.4 miles
Dollar Tree
Shops & Services
14,359 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
4,025 visits/mo
0.2 miles
BP
Shops & Services
3,504 visits/mo
0.5 miles
Krispy Krunchy Chicken
Dining
1,187 visits/mo
0.5 miles
Demographics for 37083, TN
15,786
Population
6,958
Households
2.3
Avg Household Size
39
Median Age
14%
College-Educated
85%
High-School Grad
147.6 sq mi
ZIP Area
107
Density / Sq Mi
$60,215
Median Household Income
$35,419
Median Earnings
$821
Median Rent
$231,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Cathy's Florist — 118 Public Square, Lafayette, TN 37083
Frequently Asked Questions
What type of property is this?
Storefront property - For sale retail storefront on Public Square in Lafayette, TN, suitable for a small business looking for a downtown presence.
Where is this storefront property located?
The property is located at 220 Public Square Lafayette, TN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Retail storefront for sale on Public Square in Lafayette, TN; Suitable for a small business seeking a downtown presence; Year built: 1908
