1201 Carmack Blvd Columbia, TN 38401
- Commercial real estate
- 13,972 SF
- 1.99 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1201 Carmack Blvd
- Year built
- 1940
- Construction
- WOOD
- Lot size
- 1.99 lot acres
- Property size
- 13,972 SF
- Zone code
- IG
- Property type
- Commercial real estate
- APN
- 060099I D 00700
- APU
- 060099ID00700
Description
This exceptional 2.97-acre property, located at 1201 Carmack Blvd in Columbia, Tennessee, presents a rare development opportunity. Comprising five tracts, this site boasts significant road frontage: 560 feet on Carmack Boulevard and over 400 feet on Cemetery Avenue. The CD-5 zoning allows for a wide array of high-density mixed-use developments, making it ideal for a variety of projects. Conceptual renderings are available for a 175,000 square foot, three-story mixed-use building incorporating on-site structured parking. The property's strategic location offers unparalleled access and visibility. Situated approximately 200 feet from the new Maury County Justice Center and just five blocks from the vibrant Scenic Columbia Square, it benefits from a high daily traffic count of 22,000 vehicles. Existing infrastructure includes sewer lines on the property, with water readily available. This location is perfectly suited for a live/work concept, a commercial strip center, high-density residential/commercial development, or even a hotel. The expansive size and prime location make this a truly unique opportunity to develop a landmark property in the heart of Columbia, TN. The total building area is 129,300 square feet.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $320,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $300,000
- 6.5%
- $265,000
- 7%
- $295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $290,000
- Geo Method
- $335,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $320,000
- Retail
- $240,000
- Mixed-Use
- $275,000
- Hospitality
- $260,000
- Educational
- $250,000
- Residential Income
- $285,000
- Energy
- $310,000
- Income-Based Land
- $265,000
- Food Service
- $295,000
Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Maury
- State
- Tennessee
- Longitude
- -87.0345
- Latitude
- 35.6072
- CBSA code
- 34980
- CBSA name
- NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA