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    1510 Main St Columbia, TN 38401

    Sponsored
    For Sale
    $250,000

    High-yield retail duplex, 50% occupied.

    Property size:
    1,457 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This commercially zoned duplex in downtown Columbia, Tennessee, presents a compelling investment opportunity. Located at 1510 S Main St, 38401, this property boasts a total of 1,457 square feet spread across two units. One unit is fully renovated and currently rented, generating immediate income. The second unit is a fixer-upper, offering significant potential for value appreciation through renovation. The property features original hardwood floors and spacious living areas. The permitted zoning is Com Duplex, allowing for flexibility in usage. The asking price is $250,000, and the seller is offering a substantial cash incentive at closing to assist the buyer with renovations to the vacant unit. This is an excellent opportunity for an investor seeking a quick project with high potential returns. The property's location is convenient to churches, schools, and downtown shopping. This is a rare chance to acquire a property with immediate income and significant upside potential. The seller is highly motivated and seeking a swift closing. Serious inquiries only.

    Property Features for 1510 Main St

    General Information

    Property type
    Retail properties
    Square Feet
    1,457 SF

    Building Details

    Year Renovated
    1900
    Stories
    1
    Units
    2

    HighLights

    • $250,000 asking price.
    • 1,457 square foot retail property.
    • Multi‑tenant property with two units, currently 50% occupied.
    • Built in 1900, one‑story building.
    • Commercially zoned duplex located at 1510 S Main St, Columbia, TN 38401.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Columbia
    County
    Maury
    State
    Tennessee
    Longitude
    -87.0383319
    Latitude
    35.6035344

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    FAQs

    What type of property is this?
    Retail property - High-yield retail duplex, 50% occupied.
    Where is this retail property located?
    The property is located at 1510 Main St Columbia, TN.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: $250,000 asking price.; 1,457 square foot retail property.; Multi-tenant property with two units, currently 50% occupied.
    Request Owner's contact information
    1510 Main St Columbia, TN 38401
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    Columbia, TN 38401
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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
    1510 Main St Columbia, TN 38401
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