Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    809 Carthage Hwy Lebanon, TN 37087

    For Sale
    $1,000,000

    Commercial zoned land with rental income and development potential.

    Property size:
    2,404 SF

    Property Features for 809 Carthage Hwy

    General Information

    Standard status
    Active
    Size
    2,404 SF

    Building Details

    Year built
    1954

    Source: KELLER WILLIAMS REALTY MT. JULIET Agent CHUCK BENSON

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land with Rental Income

    This property presents an investment opportunity with four fully leased and occupied rental houses. Zoned as commercial with a current land use of household units, the property offers potential for redevelopment into condos, townhouses, or other commercial ventures. All houses have been remodeled within the past 5 years, and all mechanical systems are in good working condition. The property is located in a fast-growing area with many commercial opportunities. The property size is 2404 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Wilson
    State
    Tennessee
    Longitude
    -86.27537
    Latitude
    36.210537

    Nearby Similar for Sale

    • $650,000
      1,989 SF

      Renovated Commercial Building Near I-40

      Renovated 2,000 SF commercial building suitable for various business uses.
      722 Park Ave, Lebanon, TN 37087
      View Details
    • $4,500,000
      36,800 SF

      Functional Industrial Building with Yard

      36,800 SF industrial building with office and yard space.
      314 Babb Dr, Lebanon, TN 37087
      View Details
    • $24,900,000

      Large Farm with Luxury Home

      1397-acre farm with custom home, pastures, and hunting land.
      6180 SE Tater Peeler Rd, Lebanon, TN 37090
      View Details
    • $299,900
      1,108 SF

      Renovated Home Near the Lake

      Renovated home near the lake with new features and upgrades.
      256 Twin Cove Dr, Lebanon, TN 37087
      View Details
    • $573,000

      Spacious Country Home with Barn

      Large home on a mini-farm, close to town.
      50 Greenwood Rd, Lebanon, TN 37090
      View Details
    • Contact for pricing
      3,400,000 SF

      Master Planned Industrial Development

      Class A industrial development with build-to-suit opportunities and highway access.
      I-840, Lebanon, TN 37090
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial zoned land with rental income and development potential.
    Where is this commercial land located?
    The property is located at 809 Carthage Hwy Lebanon, TN.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Investment opportunity: 4 fully leased rental houses provide immediate income.; - Commercial zoning allows for potential redevelopment into condos, townhomes, or other commercial ventures.; - Seller financing available.
    Request Owner's contact information
    809 Carthage Hwy Lebanon, TN 37087
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    809 Carthage Hwy
    Lebanon, TN 37087
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    809 Carthage Hwy Lebanon, TN 37087
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.