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For sale
Office Units
TN
Lebanon
37087
722 Park Ave

Renovated Commercial Building Near I-40

722 Park Ave, Lebanon, TN 37087

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For Sale

$550,000

Versatile commercial property in Lebanon, TN, suitable for various businesses.

Property size:

1,989 SF

Lot size:

0.71 Acres

Price / SF:

$276/SF

HighLights

Prime Commercial Neighborhood (CN) location with high visibility and accessibility.
Fully renovated, move‑in ready 2,000 sq ft single‑level building.
Versatile layout with 4 bedrooms and 2 bathrooms suitable for office, medical, professional service, or live/work arrangements.
Located less than a mile from Interstate I‑40 and 30 miles to Nashville in rapidly growing Lebanon, TN.
Strong surrounding commercial corridor anchored by national retailers (Walmart, Lowe's, etc.) driving high consumer traffic.
High traffic counts: 3490 cars per day at property, 20,815 at the Raceway.

We can help!

Contact an agent

JOSEPH GOODMAN CCIM

For Sale

$550,000

Versatile commercial property in Lebanon, TN, suitable for various businesses.

Property size:

1,989 SF

Lot size:

0.71 Acres

Price / SF:

$276/SF

Added:: Mar 11, 2026
Days on Market:: 108
Last Refresh:: Mar 16 at 11:03 am

Property Features for 722 Park Ave

General Information

Standard status: Active
Size: 1,989 SF
Lot size: 0.71 Acres

Building Details

Year Built: 1959

We can help!

Contact an agent

JOSEPH GOODMAN CCIM

Listing office RE/MAX CHOICE PROPERTIES

Listing date Mar 11, 2026

Source Corcoran

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 RE/MAX CHOICE PROPERTIES

HighLights

Prime Commercial Neighborhood (CN) location with high visibility and accessibility.
Fully renovated, move‑in ready 2,000 sq ft single‑level building.
Versatile layout with 4 bedrooms and 2 bathrooms suitable for office, medical, professional service, or live/work arrangements.
Located less than a mile from Interstate I‑40 and 30 miles to Nashville in rapidly growing Lebanon, TN.
Strong surrounding commercial corridor anchored by national retailers (Walmart, Lowe's, etc.) driving high consumer traffic.
High traffic counts: 3490 cars per day at property, 20,815 at the Raceway.

Overview

Located less than a mile from Interstate I-40 and 30 miles from Nashville, at 722 Park Avenue in Lebanon, Tennessee, this Commercial Neighborhood (CN) property offers a fully renovated, single-level building spanning approximately 2,000 square feet. The property features 4 bedrooms and 2 bathrooms, with modern finishes throughout. The layout is suited for office, medical, professional service, or live/work arrangements. The property's move-in ready condition and adaptable design provide immediate operational potential for investors, owner-users, or rental income seekers. The surrounding area is a commercial corridor, anchored by national retailers that drive consumer traffic. Businesses within a one- to two-mile radius include Walmart Supercenter, Lowe’s Home Improvement, Walgreens, Tractor Supply Co., Kroger, Big Lots, AutoZone, Harbor Freight Tools, and Dollar General. Local favorites such as Snow White Drive-In, Painturo’s Pizza, and the shops and dining options in Lebanon’s historic Town Square complement the national presence. TDOT daily traffic counts are at 3490 cars per day and 20,815 at the Raceway. The property is suitable for a broad range of commercial concepts. Refer to the media page and photo album for a full list of permitted uses under Commercial Neighborhood zoning.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$67.5k	$33.96
− Vacancy	−$2.6k	−$1.29
EGI	$65.0k	$32.67
− OpEx	−$19.5k	−$9.80
NOI	$45.5k	$22.87

1,989 SF · lease $33.96/SF/yr · vacancy 3.80% · expense 30.00%

Alternative Uses

Best Use

Retail

$649.8K

$568.6K – $758.1K (±1% cap)

NOI $45,486 @ 7.0% cap · market cap 8.27%

Second Best

Office B

$475.4K

$416.0K – $554.6K (±1% cap)

NOI $33,278 @ 7.0% cap · market cap 6.05%

Theoretical Best

Warehouse

$2.61M

$2.28M – $3.04M (±1% cap)

NOI $182,575 @ 7.0% cap · market cap 33.20%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Location Insight

Map
Local Demand

City: Lebanon
County: Wilson
State: Tennessee
Longitude: -86.2762
Latitude: 36.19606

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For sale
Office Units
TN
Lebanon
37087
722 Park Ave

What type of property is this?

Office units - Versatile commercial property in Lebanon, TN, suitable for various businesses.

Where is this office units located?

The property is located at 722 Park Ave Lebanon, TN.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: Prime Commercial Neighborhood (CN) location with high visibility and accessibility.; Fully renovated, move‑in ready 2,000 sq ft single‑level building.; Versatile layout with **4 bedrooms and 2 bathrooms** suitable for office, medical, professional service, or live/work arrangements.