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    936 Broadway Portland, TN 37148

    Sponsored
    For Sale
    $900,000

    3.6 Acres, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.6-acre commercial and residential development site is located at 936 S Broadway in Portland, Tennessee, and offers significant potential. The property boasts 587 feet of frontage on S Broadway Street, experiencing a high daily traffic count of 20,646 vehicles. Currently zoned R7.5, this versatile land presents numerous development opportunities, from commercial ventures to mixed-use projects or residential communities. The site includes an existing 1,180 square foot, three-bedroom, two-bathroom single-family home built in 1960, featuring a two-car garage. This existing structure could be renovated, repurposed, or removed to accommodate a new development. The property's location in Sumner County provides easy access to major highways and is surrounded by established amenities, including restaurants and shopping centers. The fee-simple ownership offers complete control and flexibility for the buyer. The property's APN is 039 062.00. This prime location and zoning make this a compelling investment opportunity for developers seeking a high-visibility site in a thriving Tennessee community. The asking price is $900,000.

    Property Features for 936 Broadway

    General Information

    Property type
    Land
    Lot Size
    156,816 SF

    HighLights

    • 3.6‑acre development site in Portland, TN.
    • 587 feet of frontage on S Broadway Street.
    • R7.5 zoning.
    • High traffic count of 20,646 vehicles daily.
    • Includes a 1,180 sq ft, 3 bed/2 bath single‑family home with a 2‑car garage (built 1960).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Auto Repair Shop Clothing Store Department Store Food Market Storage Facility HVAC Service Bar & Pub Discount Store Barber Shop Mobile Phone Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Sumner
    State
    Tennessee
    Longitude
    -86.5069384
    Latitude
    36.5531124

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    FAQs

    What type of property is this?
    Land - 3.6 Acres, High Traffic Area
    Where is this land located?
    The property is located at 936 Broadway Portland, TN.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: 3.6-acre development site in Portland, TN.; 587 feet of frontage on S Broadway Street.; R7.5 zoning.
    Request Owner's contact information
    936 Broadway Portland, TN 37148
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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
    936 Broadway Portland, TN 37148
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