Property profile

10 Main St Sparta, TN 38583

OFF-MARKET
Retail space
Property ID
US80-3475346
1,840 SF 0.07 ac lot Built 1911
Individually Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,840 square foot retail property, located at 10 Main St N in historic downtown Sparta, Tennessee, presents a unique investment opportunity. Built in 1911, this two-story building boasts a charming exterior recently updated with a new rubber roof, all new windows, and a striking new marble wall exterior. The property sits on a 0.02-acre lot and includes an adjacent, sizable additional lot, offering significant expansion possibilities. The interior is a blank canvas, ready for a complete renovation to suit your vision. The main floor offers convenient access from both the street and a rear entrance. A separate rear entrance to the second floor presents a compelling opportunity to create a second income stream, perhaps through a separate lease or the development of additional retail space or office space. The building's prime downtown location provides excellent visibility and accessibility, making it ideal for a variety of retail ventures. The combination of its historic charm, modern updates, and expansive potential makes this property a truly remarkable investment. The possibilities are limitless for this adaptable space. Don't miss this chance to own a piece of Sparta's vibrant history and shape its future. The asking price is $330,000.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1911
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,840 SF
Lot 0.07 ac (3,000 SF)
Zoning code C-C
APN 093059B J 00700
UPID US80-3475346

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

10 Main St Sparta, TN 38583-2054
Sparta metro Census 935400
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$100k

Owner & transaction history

since 2016
6 recorded transactions
2016
$15,000
2010
Price N/A
2003
$45,000
2000
$45,000
1992
$15,000
1989
$10,000

Zoning & alternative use

C-C · Sparta, TN
Zoning description

except the Central Business District (C-C ) and for all uses and structures except those specifically exempted in § 14-2002. The requirements for landscape yards shall be in addition to any requirements of parking area l…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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