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    1201 Carmack Blvd Columbia, TN 38401

    Sponsored
    For Sale
    $5,000,000

    Prime 2.97-acre commercial/residential site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.97-acre property, located at 1201 Carmack Boulevard in Columbia, Tennessee (zip code 38401), presents a remarkable development opportunity. Zoned CD-5, this Class A land boasts 560 feet of road frontage on Carmack/US-31 and an additional 420+ feet on Cemetery Avenue, plus access via Pencil Avenue. Currently leased to a General Motors subsidiary for freight parking at $12,000 annually, expiring March 31, 2025, the site offers multiple development avenues. The property includes approximately 21,000 square feet of existing storage buildings (no assigned value). Its strategic location is approximately 250 feet from the new Maury County Justice Center (completed 2024) and five blocks from Columbia Square, placing it squarely within the city's master plan for commercial development. Renderings are available upon request for a proposed 165,000-175,000 square foot mixed-use development, potentially including retail/office space on the first floor, residential units above, and additional storage or office space on a third level. A proposed two-story, 28,000 square foot parking garage is also included in the renderings. The high demand for retail and commercial space in this booming area makes this a truly exceptional investment. The asking price is $5,000,000.

    Property Features for 1201 Carmack Blvd

    General Information

    Property type
    Land
    Class
    A
    Lot Size
    129,373 SF

    HighLights

    • Flexible development options including ground floor retail/office with upper‑level residential or a mix of storage and office space.
    • Prime downtown Columbia location, ideal for commercial development aligning with the city's master plan.
    • Currently leased for $12,000 annually to a GM subsidiary for freight parking, expiring March 2025.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Maury
    State
    Tennessee
    Longitude
    -87.03493171041
    Latitude
    35.607283987617

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    FAQs

    What type of property is this?
    Land - Prime 2.97-acre commercial/residential site
    Where is this land located?
    The property is located at 1201 Carmack Blvd Columbia, TN.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: Flexible development options including ground floor retail/office with upper-level residential or a mix of storage and office space.; Prime downtown Columbia location, ideal for commercial development aligning with the city's master plan.; Currently leased for $12,000 annually to a GM subsidiary for freight parking, expiring March 2025.
    Request Owner's contact information
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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
    1201 Carmack Blvd Columbia, TN 38401
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