4424 Old Kentucky RdSparta, TN 38583

Property Details for 4424 Old Kentucky Rd

Year built

1990

Lot size

1.00 AC

Property size (Sq ft)

3,600 SF

Property type

Retail properties

Property subtype

Retail space

APN

093024B A 01900

APU

093024BA01900

Description

This exceptional commercial property presents a rare opportunity in the thriving Sparta, TN market. Located at 4424 Old Kentucky Road, this 2,880 square foot retail building sits on a highly visible corner lot encompassing 0.62 acres. Currently operating as a successful restaurant, the property offers immediate income potential for a savvy investor. However, the versatility of the space extends far beyond its current use. The expansive layout and prime location make it ideal for a wide range of retail or commercial ventures. A significant advantage is the inclusion of the adjacent lot in the sale, doubling the available land and offering considerable expansion possibilities. The property benefits from its position in a high-traffic area, further enhanced by the recent construction of a new Dollar General and Market directly across the street, ensuring consistent customer flow. The proximity to the Sparta airport, slated for expansion, adds another layer of long-term growth potential. This turnkey opportunity is priced at $999,000 and presents a compelling investment prospect for those seeking a strong return on investment in a dynamic and developing community. Note that there is no existing signage on the property. This allows for complete customization and branding to reflect the future tenant's identity. The property is ready for immediate occupancy and offers a unique blend of established business and significant future development potential.

• CAP approach

  CAP return

  Valuation

  6%

  $914,204

  6.5%

  $843,881

  7%

  $783,603

• Comparable approach

  Method

  Valuation

  Relative Method

  $780,918

  Geo Method

  $780,918

• Alternative Use

  Use

  Valuation

  Residential

  $711,845

  Hospitality

  $652,046

  Educational

  $542,495

  Medical

  $561,152

  Retail

  $843,881

Location Insight

City

Sparta

County

White

State

Tennessee

Latitude

36.0131

Longitude

-85.5527

Property Tax & Assessments

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