106 Main St Hohenwald, TN 38462
- Office Properties & Spaces
- 1,630 SF
- 0.04 lot acres
Current Use by Public Records
- Smokin Zone 2 / Tobacco Shop
Property Details for 106 Main St
- Year built
- 1936
- Lot size
- 0.04 lot acres
- Property size
- 1,630 SF
- Zone code
- C-5
- Property type
- Office Properties & Spaces
- APN
- 051035P F 00801
- APU
- 051035PF00801
Description
This 1,512 square foot mixed-use commercial building is situated in Hohenwald, Tennessee, on a 0.03-acre lot at 106 E Main Street. Its prime location places it in a high-traffic, highly visible area of town, making it an excellent investment opportunity. The property is currently triple-net leased, generating consistent monthly income. The building features a spacious reception area, currently utilized for retail purposes, along with a convenient kitchenette. Additional space includes an office/storage area and a bathroom. Recent improvements include a new HVAC system and a roof replacement completed just three years ago. This versatile property is ideal for its current retail use or could be easily adapted to accommodate service-based businesses or office spaces. The building's strong location and current income stream make it a compelling investment prospect for those seeking a stable and potentially lucrative return. The existing lease provides immediate cash flow, while the adaptable layout offers flexibility for future uses and potential rental increases. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $60,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $45,000
- 6.5%
- $45,000
- 7%
- $50,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $50,000
- Geo Method
- $45,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $50,000
- Retail
- $50,000
- Mixed-Use
- $55,000
- Hospitality
- $40,000
- Educational
- $45,000
- Residential Income
- $55,000
- Energy
- $45,000
- Income-Based Land
- $55,000
- Food Service
- $40,000
Location Insight
- Map
- Local Demand
- City
- Hohenwald
- County
- Lewis
- State
- Tennessee
- Longitude
- -87.5504
- Latitude
- 35.5475