903 College St Winchester, TN 37398
This exceptional mixed-use property, located at 903 S College St in Winchester, TN, presents a lucrative investment opportunity. The 2,491 square foot building sits on a 0.15-acre lot and boasts two separate commercial spaces, both currently under lease, generating immediate income. The prime location on Cowan Highway (Hwy 41A) offers unparalleled visibility and accessibility, situated just half a mile from both downtown Winchester Square and the local hospital. This strategic positioning ensures high foot traffic and convenient access for customers and employees. The building features a newer rubber roof installed in 2016, minimizing maintenance concerns. Unit 901 includes gas heat, an electric water heater, washer/dryer hookups, two half-baths, and ample storage. Unit 903 offers gas heat, a half-bath, and storage. The property's C2 zoning provides remarkable flexibility, allowing for a wide array of business uses, including retail, personal services, professional offices, food establishments, and more. The surrounding area is vibrant, with neighboring businesses such as a convenience store and gas station, further enhancing the property's appeal and potential for growth. This is a rare opportunity to acquire a well-located, income-producing mixed-use property in a thriving community. The asking price is $325,000.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.