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    193 Brown Jct Centerville, TN 37033

    For Sale
    $1,500,000

    6,225 SF, 1-acre lot, high visibility

    Property size:
    6,225 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 6,225 square foot retail property in Centerville, TN, presents a compelling redevelopment or lease-up opportunity. Located on a 1.01-acre lot at 193 Brown Junction, this former Fresenius Medical Care facility offers excellent visibility due to its prominent location along Brown Junction, a thoroughfare leading to State Highway 100 (7,580 vehicles per day). The property boasts a large monument sign and benefits from its proximity to numerous national and regional tenants, including Dollar General, Cash Express, and Valspar, creating a strong commercial presence. The site is zoned C-2 (Commercial District) and includes 24 parking spaces. Built in 2007, the building features 6,225 square feet and is offered at $1,500,000 ($240.96/SF). The property's strategic location is further enhanced by its proximity to Ascension Saint Thomas Hickman Hospital, a 65-bed facility, and Centerville Municipal Airport. The 5-mile trade area boasts a population exceeding 5,700 residents and 2,100 daytime employees, with an average household income of $71,208. The current lease expires in December 2024, providing a new owner with over a year of cash flow to plan for redevelopment or secure a new tenant. This fee simple ownership (land and building) presents a tremendous value with excellent visibility and strong demographics.

    Property Features for 193 Brown Jct

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,225 SF
    Lot Size
    43,996 SF

    Building Details

    Year Built
    2007
    Buildings
    1

    HighLights

    • Excellent redevelopment or lease‑up opportunity with strong commercial asset potential.
    • 2021 property improvements completed.
    • High‑visibility location near State Highway 100 offering tremendous value.
    • Anchored by Ascension Saint Thomas Hospital, attracting national and regional tenants.
    • Strong residential consumer base within a 5‑mile radius.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nephrology Associates, PC Medical Clinic Fresenius Kidney Care ... Dialysis Center Dr. Doug Linfert, ... Nephrologist Dr. Ling Yu, ... Nephrologist Dr. Ashish Soni, ... Nephrologist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Centerville
    County
    Hickman
    State
    Tennessee
    Longitude
    -87.4673236
    Latitude
    35.7834059

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Individual retail property - 6,225 SF, 1-acre lot, high visibility
    Where is this individual retail property located?
    The property is located at 193 Brown Jct Centerville, TN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Excellent redevelopment or lease-up opportunity with strong commercial asset potential.; 2021 property improvements completed.; High-visibility location near State Highway 100 offering tremendous value.
    Request Owner's contact information
    193 Brown Jct Centerville, TN 37033
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    Centerville, TN 37033
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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
    193 Brown Jct Centerville, TN 37033
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