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Versatile Commercial Building in Ripley
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301 Lake Drive, Ripley, TN 38063

4000 sq ft commercial building with flexible layout.

Property Size4,000 SF
Price / SF$83.75
Days on Market719

Property Features for 301 Lake Drive

General Information

Standard status Active
Size 4,000 SF
Total Parking Spaces 20
Property subtype Office

Building Details

Stories 1
Listing Agency: Lankford Realty Co.
Listed By: Randal Lankford · License #205520
Source: Crexi
Added: Nov 8, 2024 Changed: Oct 25 Last Checked: Oct 26 at 4:00PM

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 Lankford Realty Co.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This commercial building, located just off Highway 51 in Ripley, Tennessee, offers approximately 4000 square feet of space suitable for various uses. The building features two bathrooms, dedicated office space, and open areas. It also includes two entrances, providing the option to divide the property into two separate units if desired.

Key Highlights

  • Approximately 4000 sq ft of commercial space.
  • Located just off Hwy 51 in Ripley, TN.
  • Two entrances allow for dividing the building into two separate units.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

US Agricultural Department Federal Government Office Lauderdale County Soil ... Sustainability Organization Cane Creek Watershed ... Government Office

Suggested Use

Top Pick Building Supply HVAC Service Dental Office Electrical Service Law Firm Garden Center

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

161
Businesses Nearby

Demographics for 38063, TN

16,033
Population
7,070
Households
2.3
Avg Household Size
40
Median Age
13%
College-Educated
84%
High-School Grad
285.2 sq mi
ZIP Area
56
Density / Sq Mi
$48,578
Median Household Income
$37,121
Median Earnings
$731
Median Rent
$137,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office building - 4000 sq ft commercial building with flexible layout.
Where is this office building located?
The property is located at 301 Lake Drive Ripley, TN.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Approximately 4000 sq ft of commercial space.; Located just off Hwy 51 in Ripley, TN.; Two entrances allow for dividing the building into two separate units.
(731) 694-6290 Call to check price and availability
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