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    716 Main St Shelbyville, TN 37160

    For Sale
    $849,900

    Prime Location, High-Return Potential, Updated Building

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional mixed-use property, located at 716 N Main St in Shelbyville, Tennessee, presents a lucrative investment opportunity. The 0.54-acre lot houses a beautifully renovated building, boasting a ground floor currently configured as a spacious boutique complete with dressing rooms, a half bath, and an efficient kitchen area equipped with a sink, microwave, and refrigerator. Ample storage space is available in the rear, conveniently featuring hookups for two washer/dryer units. Upstairs, a separate residential unit is currently leased, offering a large living area, two bedrooms, and a full bathroom. The property has undergone a complete transformation by the current owner, including comprehensive updates to the electrical system, plumbing, windows, siding, flooring, bathrooms, and roof. Situated in a prime Shelbyville location, this property offers a blend of commercial and residential income streams, making it an ideal investment for discerning buyers seeking a high-return property with significant upside potential in a thriving Tennessee market. The zip code is 37160. This turnkey operation is ready for immediate income generation.

    Property Features for 716 Main St

    General Information

    Property type
    Mixed-use properties
    Lot Size
    23,522 SF

    HighLights

    • $849,900 asking price.
    • Mixed‑use property.
    • 0.54‑acre lot.
    • Located at 716 N Main St, Shelbyville, TN 37160.
    • Ground floor features a large retail space with dressing rooms, a half bath, and a kitchenette.
    • Upper floor includes a 2‑bedroom apartment with a living area and bath.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    K. Ellen Boutique Boutique

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelbyville
    County
    Bedford
    State
    Tennessee
    Longitude
    -86.4584601
    Latitude
    35.4901884

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Location, High-Return Potential, Updated Building
    Where is this mixed-use property located?
    The property is located at 716 Main St Shelbyville, TN.
    What is the asking price?
    The asking price for this property is $849,900.
    What are key features of this property?
    This property features: $849,900 asking price.; Mixed-use property.; 0.54-acre lot.
    Request Owner's contact information
    716 Main St Shelbyville, TN 37160
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    Shelbyville, TN 37160
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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
    716 Main St Shelbyville, TN 37160
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