C1-Zoned Versatile Commercial
315 Spring St Carthage, TN 37030
315 Spring St, Carthage, TN, 37030
$295,000
For Sale
$295,000
Commercial building on C1 zoning with water and sewer hookups, suited for a range of business uses.
Property Size2,794 SF
Price / SF$105.58
Days on Market106
Property Features for 315 Spring St
General Information
- Standard status
- Active
- Size
- 2,794 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1930
Listing agency
Mid Ten Realty
(615) 489-2134
Listed by
Michael (Woody) Woodard · License #343160
(615) 489-2134
Source
Firstrealty
Added: Apr 8 Updated: Jul 22 at 8:41AM Checked: Jul 22 at 8:41AM
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 Mid Ten Realty
Investment Insights
Based on property information with market context.
This versatile commercial building at 315 Spring St in Carthage, TN offers 2,794 sq ft and is positioned for a variety of uses under C1 zoning. The property includes water and sewer service and provides a solid footprint that can be customized to support day-to-day operations and potential upgrades over time.
The structure lends itself to uses such as a retail storefront or office space, and the layout is also described as workable for small-scale manufacturing. The remarks further note the possibility of exploring a conversion to multi-family living, subject to applicable requirements associated with the existing zoning and intended use.
Overall, it’s a flexible option for buyers seeking a commercial building that can be adapted to different business or investment strategies, with essential utilities already in place.
The structure lends itself to uses such as a retail storefront or office space, and the layout is also described as workable for small-scale manufacturing. The remarks further note the possibility of exploring a conversion to multi-family living, subject to applicable requirements associated with the existing zoning and intended use.
Overall, it’s a flexible option for buyers seeking a commercial building that can be adapted to different business or investment strategies, with essential utilities already in place.
Key Highlights
- Commercial building with C1 zoning in the heart of Carthage
- 2,794 sq ft building footprint
- Water and sewer hookups available
Local Financial Insights For Industrial
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 | $29.8k | $10.68 |
| − Vacancy | −$1.2k | −$0.41 |
| EGI | $28.7k | $10.27 |
| − OpEx | −$8.6k | −$3.08 |
| NOI | $20.1k | $7.19 |
2,794 SF · lease $10.68/SF/yr · vacancy 3.86% · expense 30.00%
Alternative Uses
Best Use
Office B
$667.8K
$584.3K – $779.1K
NOI $46,746 @ 7.0% cap · market cap 15.85%
Second Best
Retail
$460.2K
$402.7K – $536.9K
NOI $32,212 @ 7.0% cap · market cap 10.92%
Theoretical Best
Office A
$819.0K
$716.7K – $955.6K
NOI $57,333 @ 7.0% cap · market cap 19.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Commercial building on C1 zoning with water and sewer hookups, suited for a range of business uses.
Where is this flex space located?
The property is located at 315 Spring St Carthage, TN.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Commercial building with C1 zoning in the heart of Carthage; 2,794 sq ft building footprint; Water and sewer hookups available
