721 State Hwy, Waynesboro, TN 38485
This 2,000 square foot mixed-use commercial building, located at 721 State Hwy 99 in Waynesboro, Tennessee, presents a fantastic opportunity for a variety of retail businesses. Priced at $189,900, this property is ideally suited for a retail clothing store, coffee shop, bakery, or similar venture. The building's history includes operation as a small restaurant, and it features a dedicated area previously used for food preparation and serving, making it a turnkey solution for a breakfast and lunch cafe. All existing furnishings and appliances are included in the sale, significantly reducing start-up costs and allowing for immediate occupancy. The building sits on a lot with no acreage, offering convenient access and minimal land maintenance. This prime location on State Highway 99 ensures high visibility and accessibility for customers. The property's versatile layout and included equipment make it an attractive investment for entrepreneurs seeking a ready-to-operate commercial space in a thriving community. This is a rare opportunity to acquire a well-equipped, established commercial space at an attractive price point. Don't miss out on this chance to establish your business in a highly visible and convenient location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.