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Property profile & analytics
OFF-MARKET
Commercial real estate

309 51 Hwy Ripley, TN 38063

Built 1996
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 309 Highway 51 in Ripley, Tennessee, presents a unique investment opportunity. Situated in a prime location within Ripley's bustling business and retail district, this property boasts high visibility and traffic counts due to its proximity to major retailers, including a Walmart. The property encompasses approximately 13.97 acres and features a substantial 41,000 square foot building complex. Previously occupied by a thriving lumber shed and hardware business, the existing improvements include a large showroom, ample office space, and several additional lumber sheds and storage buildings. The versatile nature of this property allows for a wide range of potential business conversions, making it an ideal choice for entrepreneurs seeking a well-established location with significant space and high traffic exposure. The property's size and existing infrastructure offer considerable flexibility for various commercial ventures. The seller is motivated and ready to close. This is a rare opportunity to acquire a substantial commercial property in a thriving Tennessee market. Don't miss out on this exceptional investment potential.

Property profile
Verified
Property type Commercial real estate
Year built 1996
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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