Corner Lot Automotive Service
3604 Highway 48 N Charlotte, TN 37036
For Sale
$800,000
Commercial building on a corner lot with an open layout and two larger bay doors for flexible service use.
Property Size5,148 SF
Price / SF$155.40
Days on Market83
Property Features for 3604 Highway 48 N
General Information
Standard status
Active
Size
5,148 SF
Property subtype
Commercial
Building Details
Year Built
1988
Listing Agency:
Due South Realty, LLC
(615) 642-1597
Listed By:
Finee F. Miller
(615) 642-1597
Source:
Firstrealty
Added: May 8
Changed: Jul 25
Last Checked: Jul 28 at 5:12PM
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 Due South Realty, LLC
Investment Insights
Based on property information with market context.
Located on a prime corner lot at 3604 Highway 48 N in Charlotte, TN, this 5,148-square-foot commercial building is currently used as part of a body shop operation. The property features an open concept plan and includes two larger bay doors suited to service and operational flow.
The layout is flexible and can accommodate retail, office, or other service-based operations, depending on how the space is configured. The building’s current automotive-oriented setup may support a continuation of similar uses, while the general interior layout provides options for alternative commercial concepts.
For buyers and tenants looking for a versatile commercial facility with straightforward service access, this corner-lot building offers a practical combination of an open interior and bay door infrastructure.
The layout is flexible and can accommodate retail, office, or other service-based operations, depending on how the space is configured. The building’s current automotive-oriented setup may support a continuation of similar uses, while the general interior layout provides options for alternative commercial concepts.
For buyers and tenants looking for a versatile commercial facility with straightforward service access, this corner-lot building offers a practical combination of an open interior and bay door infrastructure.
Key Highlights
- Year built 1988 commercial building with 5,148 SF of usable space
- Corner lot commercial property with an open concept plan for flexible use
- Currently used as part of a body shop business with two larger bay doors
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 | $92.7k | $18.00 |
| − Vacancy | −$7.9k | −$1.53 |
| EGI | $84.8k | $16.47 |
| − OpEx | −$25.4k | −$4.94 |
| NOI | $59.4k | $11.53 |
5,148 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.23M
$1.08M – $1.44M
NOI $86,131 @ 7.0% cap · market cap 10.77%
Second Best
Retail
$847.9K
$741.9K – $989.2K
NOI $59,351 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,637 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Jeff's Auto Services — 3602 State Hwy 48, Charlotte, TN 37036
- Lawnmower Man Small Engine Repair — 526 Water St, Charlotte, TN 37036
- Scottys — promise land rd, charlotte, tn 37036
- Gene's Body Shop LLC — 3604 Hwy 48 N, Charlotte, TN 37036
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial building on a corner lot with an open layout and two larger bay doors for flexible service use.
Where is this auto shop located?
The property is located at 3604 Highway 48 N Charlotte, TN.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Year built 1988 commercial building with 5,148 SF of usable space; Corner lot commercial property with an open concept plan for flexible use; Currently used as part of a body shop business with two larger bay doors
