Highway Frontage Commercial
For Sale
$695,000
2861 Highway 48, Cunningham, TN 37052
C5 zoning supports highway-oriented commercial uses alongside an existing brick home and detached garage.
Days on Market70
Property Features for 2861 Highway 48
General Information
Standard status
Active
Property subtype
Commercial
Zoning
C5
Building Details
Building Size
2,038 SF
Year Built
1945
Listing Agency:
Byers & Harvey Inc.
(931) 237-4137
Listed By:
Sydney B. Hedrick
(931) 237-4137
Source:
Spotlightproperties
Added: May 26
Changed: Aug 2
Last Checked: Aug 2 at 7:37AM
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 Byers & Harvey Inc.
Investment Insights
Based on property information with market context.
This commercial land parcel encompasses just under 3 acres with approximately 770' of frontage along Highway 48 in Cunningham, Tennessee. The property is zoned C5, a commercial classification associated with highway and arterial corridors. Potential applications identified for the site include a strip center, service station, market, automotive use, or storage, subject to applicable zoning requirements.
Existing improvements include a brick home of approximately 2000 sf and a detached garage measuring 25x34. The combination of commercial zoning, substantial highway frontage, and existing structures provides a distinct physical configuration for evaluation at 2861 Highway 48.
Existing improvements include a brick home of approximately 2000 sf and a detached garage measuring 25x34. The combination of commercial zoning, substantial highway frontage, and existing structures provides a distinct physical configuration for evaluation at 2861 Highway 48.
Key Highlights
- Just under 3 acres of commercial land
- Approximately 770' of frontage on Highway 48
- C5 zoning for highway and arterial commercial applications
Financial Insights For Retail
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 | $30.6k | $15.00 |
| − Vacancy | −$2.6k | −$1.28 |
| EGI | $28.0k | $13.73 |
| − OpEx | −$8.4k | −$4.12 |
| NOI | $19.6k | $9.61 |
2,038 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$279.7K
$244.8K – $326.3K
NOI $19,580 @ 7.0% cap · market cap 2.82%
Second Best
Industrial
$191.1K
$167.2K – $223.0K
NOI $13,379 @ 7.0% cap · market cap 1.93%
Theoretical Best
Office A
$421.4K
$368.7K – $491.7K
NOI $29,499 @ 7.0% cap · market cap 4.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
2,550 visits/mo
0.4 miles
Demographics for 37052, TN
2,853
Population
843
Households
3.4
Avg Household Size
42
Median Age
18%
College-Educated
86%
High-School Grad
34.9 sq mi
ZIP Area
82
Density / Sq Mi
$78,311
Median Household Income
$61,595
Median Earnings
$198,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - C5 zoning supports highway-oriented commercial uses alongside an existing brick home and detached garage.
Where is this commercial land located?
The property is located at 2861 Highway 48 Cunningham, TN.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Just under 3 acres of commercial land; Approximately 770' of frontage on Highway 48; C5 zoning for highway and arterial commercial applications
