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    1416 Highway 70 Waverly, TN 37185

    For Sale
    $899,900

    Prime Waverly, TN location, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property, located at 1416 Highway 70 West in Waverly, Tennessee, presents a unique investment opportunity. The 2.85-acre lot boasts approximately 20,000 square feet of commercial space distributed across three buildings. Currently, the property houses a thriving flea market in one building and Stephenson's Sales in the other two. Stephenson's Sales offers a diverse inventory including appliances, doors, windows, wood, and a substantial warehouse stocked with home remodel supplies. The estimated value of this existing inventory is $200,000 and is negotiable as part of the sale. The property's strategic location on Highway 70 West, directly across from Waverly Central High School, ensures high visibility and consistent traffic flow, making it ideal for a variety of commercial ventures. The asking price for this exceptional property is $899,900. This versatile property offers significant potential for investors and business owners seeking a high-traffic location with established businesses and substantial existing inventory. The property is zoned for commercial use and is ready for immediate occupancy or redevelopment. This is a rare opportunity to acquire a well-established commercial property in a thriving Tennessee community.

    Property Features for 1416 Highway 70

    General Information

    Property type
    Land
    Lot Size
    124,146 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Hotel & Motel Department Store Kitchen & Bath Storage Facility Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Waverly
    County
    Humphreys
    State
    Tennessee
    Longitude
    -87.8580734
    Latitude
    36.0756928

    Nearby Comparable

    • $320,000
      3,180 SF

      Waverly Mixed-Use Office Building

      Prime Location, High Potential, 3180 sq ft
      191 Clydeton Rd, Waverly, TN 37185
      View Details
    • $195,000
      2,160 SF

      Waverly Office Building - Great Potential

      Prime Waverly location, high traffic area, 2160 sq ft.
      302 Main St, Waverly, TN 37185
      View Details

    Nearby Similar for Sale

    • $195,000
      2,160 SF

      Waverly Office Building - Great Potential

      Prime Waverly location, high traffic area, 2160 sq ft.
      302 Main St, Waverly, TN 37185
      View Details
    • $320,000
      3,180 SF

      Waverly Mixed-Use Office Building

      Prime Location, High Potential, 3180 sq ft
      191 Clydeton Rd, Waverly, TN 37185
      View Details

    FAQs

    What type of property is this?
    Land - Prime Waverly, TN location, high traffic.
    Where is this land located?
    The property is located at 1416 Highway 70 Waverly, TN.
    What is the asking price?
    The asking price for this property is $899,900.
    Request Owner's contact information
    1416 Highway 70 Waverly, TN 37185
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    Waverly, TN 37185
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    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
    1416 Highway 70 Waverly, TN 37185
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