105 Court Sq Livingston, TN 38570

Property Details for 105 Court Sq

Year built

1930

Lot size

0.05 lot acres

Property size

6,048 SF

Zone code

C-2

Property type

Retail space

APN

067054G I 01300

APU

067054GI01300

Description

This meticulously renovated 1930 building, boasting 6,048 square feet on a 0.5-acre lot, presents a compelling mixed-use investment opportunity in Livingston, Tennessee (38570). The three-story structure, completely renovated in 2020, features approximately 800 square feet of ground-floor commercial space ideal for retail or office use. High visibility and foot traffic are ensured by street frontage with large display windows and a prominent entrance. The upper floors comprise four fully furnished short-term rental units: one one-bedroom with bunk room and two bathrooms, one one-bedroom/one-bathroom, one two-bedroom/one-bathroom, and a two-bedroom/one-and-a-half-bathroom penthouse. All units are equipped with modern amenities and stylish décor. This stabilized investment boasts a 1.07% cap rate and a net operating income (NOI) of $12,352, with an asking price of $1,150,000 ($190.15/sq ft). The property is zoned commercial and offers a proven rental history with strong occupancy rates and positive guest reviews. This exceptional property is perfectly positioned on the historic Livingston Square, providing unparalleled access to the area's vibrant community and ample foot traffic.