960 Highway 77Newbern, TN 38059

Property Details for 960 Highway 77

Year built

1977

Construction

FRAME

Lot size

5.00 AC

Property size (Sq ft)

14,700 SF

Zone code

I1

Property type

Retail properties

Property subtype

Auto shops

APN

023047 05001

APU

2304705001

Description

This exceptional mixed-use property, located at 960 E Highway 77 in Newbern, Tennessee, presents a unique investment opportunity. Boasting a substantial 14,700 square feet of space, this versatile property sits on a generous 5-acre lot, offering ample room for expansion or future development. The property's mixed-use zoning allows for a variety of commercial and potentially residential applications, making it ideal for entrepreneurs seeking a prominent location with significant potential. Its strategic positioning on Highway 77 ensures high visibility and convenient access for customers and employees. The substantial square footage provides flexibility for diverse business ventures, from retail and office spaces to light industrial uses, or a combination thereof. The expansive acreage offers significant parking and potential for outdoor activities or additional structures. The asking price of $599,900 represents a compelling value for a property of this size and potential in a growing Tennessee market. Serious inquiries are encouraged to explore the possibilities this property offers. Detailed property information and zoning regulations are available upon request. This is a rare opportunity to acquire a significant commercial property in a desirable location. Don't miss out on this chance to establish your business in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $4,939,358

  6.5%

  $4,559,408

  7%

  $4,233,736

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,887,950

  Geo Method

  $2,887,950

• Alternative Use

  Use

  Valuation

  Residential

  $3,846,031

  Hospitality

  $3,522,944

  Educational

  $2,931,048

  Medical

  $3,031,851

  Retail

  $4,559,408

Location Insight

City

Newbern

County

Dyer

State

Tennessee

Latitude

36.1214

Longitude

-89.2372

CBSA code

20540

CBSA name

DYERSBURG, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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