Technical
Financial
Distress signals
Property profile

1012 Madison Ave Athens, TN 37303

OFF-MARKET
Retail space
Property ID
US80-1182239
1,432 SF 0.19 ac lot Built 1952
Individually Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,320 square foot commercial building, located at 1012 E Madison Avenue in Athens, Tennessee, presents a unique opportunity for entrepreneurs and business owners. Situated on a 0.19-acre lot, this property boasts a prime location, offering convenient access to the popular Mayfield Dairy and a picturesque park, ensuring high visibility and foot traffic. The building's versatile layout is well-suited for a diverse range of commercial uses, including restaurants, salons, coffee shops, or small office spaces. Its charming character combined with functional design creates a welcoming environment for customers and clients alike. The property is zoned for a variety of commercial uses, providing flexibility for potential buyers. This is an excellent chance to establish or relocate your business in a thriving area with strong community presence. The asking price for this attractive commercial property is $170,000. Don't miss this opportunity to secure a thriving business location in a desirable part of Athens, Tennessee. Schedule a viewing today to explore the potential of this exceptional property.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1952
Construction WOOD
Total area 1,432 SF
Lot 0.19 ac (8,276 SF)
Zoning code B-1
APN 054057H C 06800
UPID US80-1182239

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

1012 Madison Ave Athens, TN 37303-3862
Athens metro Census 970300 ATHENS, TN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$60k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$50k

Owner & transaction history

since 2021
Last sale
$60,000
5 recorded transactions
2021
$60,000
2018
$68,000
1991
$46,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-1 · Athens, TN
Zoning description

Local Business District B-1 Central Business District B-2 Intensive Business District B-3 Medical District M-1 Professional District P-1 Light Industrial District I-1 Heavy Industrial District I-2 Interstate Interchange…

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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