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    180 Washington St Ripley, TN 38063

    For Sale
    $600,000

    High-traffic retail space, excellent visibility.

    Property size:
    8,320 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 8,320 square foot storefront at 180 Washington Street in Ripley, Tennessee, presents a compelling investment opportunity. Priced at $600,000 ($72.12/sq ft), this single-unit property sits on a 0.55-acre lot. The property boasts excellent ingress and egress, ensuring convenient access for customers and employees. A significant advantage is the prominent, large pylon sign, providing exceptional visibility and brand recognition. The location benefits from a high volume of traffic, with a daily count of 4,567 vehicles passing by. Furthermore, the property serves a substantial population base, with over 51,352 residents within a 10-mile radius, guaranteeing a large potential customer pool. The property is available for occupancy starting October 7, 2024. This is an ideal location for a variety of retail businesses seeking high visibility and strong foot traffic in a thriving community. The land value alone is significant, adding to the overall investment potential. Don't miss this chance to secure a prime retail space in a desirable location.

    Property Features for 180 Washington St

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,320 SF
    Lot Size
    23,958 SF

    Building Details

    Units
    1

    HighLights

    • High‑visibility pylon sign.
    • Excellent ingress and egress.
    • Strong demographics: 51,352 residents within a 10‑mile radius.
    • High traffic count: 4,567 vehicles per day (VPD).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Auto Repair Shop Hair Salon Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Ripley
    County
    Lauderdale
    State
    Tennessee
    Longitude
    -89.5333048
    Latitude
    35.7448392

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic retail space, excellent visibility.
    Where is this individual retail property located?
    The property is located at 180 Washington St Ripley, TN.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: High-visibility pylon sign.; Excellent ingress and egress.; Strong demographics: 51,352 residents within a 10-mile radius.
    Request Owner's contact information
    180 Washington St Ripley, TN 38063
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    Ripley, TN 38063
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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
    180 Washington St Ripley, TN 38063
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