2545 Highway 43 Leoma, TN 38468
- Office Properties & Spaces
- 2,500 SF
- 2.52 lot acres
Current Use by Public Records
- THE ABLE CLINIC Med Spa / Medical Clinic / Wellness Center
Property Details for 2545 Highway 43
- Year built
- 1976
- Lot size
- 2.52 lot acres
- Property size
- 2,500 SF
- Property type
- Office Properties & Spaces
Description
This exceptional commercial property in Leoma, Tennessee presents a unique investment opportunity. The offering encompasses two parcels totaling 2.52 acres situated on Highway 43 S, a high-traffic area. The main component is a fully renovated 2,500 square foot office building currently leased to a medical spa, situated on a 1.3-acre lot. The interior and exterior have undergone complete renovations. The second parcel, a vacant 1.22-acre lot, is ideally suited for new construction. A pre-installed septic system, permitted for a 12,000 square foot building, significantly reduces development hurdles. This system allows for the construction of a commercial office plaza up to 50 feet deep and 240 feet wide, potentially accommodating six 50'x40' units. The combination of a profitable existing business and a readily developable vacant lot makes this property an attractive proposition for investors seeking immediate income and future expansion potential. The property's high visibility and convenient location on Highway 43 S ensure strong exposure and accessibility. This is a rare opportunity to acquire a substantial commercial property with significant upside in a thriving market. The asking price is $975,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Leoma
- County
- Lawrence County, TN
- State
- Tennessee
- Longitude
- -87.3474
- Latitude
- 35.166
