110 W Third Ave Carthage, TN 37030
For Sale
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This exceptional 5,388 square foot mixed-use property in Carthage, TN, presents a unique investment opportunity. Located on a 0.07-acre lot at 110 Third Ave W, the building seamlessly blends a thriving event space with a luxurious residential loft. The ground floor encompasses a fully equipped event venue, perfect for weddings, corporate functions, or private parties. It boasts a modern commercial kitchen, a sophisticated sound system, an inviting bar/lounge area, and a spacious event hall with a capacity of 211 guests. Upstairs, a stunning 2,694 square foot, three-bedroom, two-bathroom loft apartment offers breathtaking city views and a charming outdoor veranda. This versatile space is ideal for an Airbnb rental or a private residence. The property's prime downtown location and dual-purpose functionality make it an attractive investment for both business owners and those seeking a unique lifestyle opportunity. The asking price is $995,900. This turnkey operation offers immediate income potential and significant long-term growth prospects. The combination of a successful event venue and a high-demand residential space creates a truly rare and valuable asset in the Carthage market. Don't miss this chance to acquire a property with exceptional earning potential and a desirable location.
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LIGA Homes General Contractor
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The Rose Building Hotel & Motel Resort
Within the C-1 Central Commercial District, as shown on the Official Carthage Zoning Map, the following regulations shall apply: 11-504.2 PERMITTED USES 11-504.2A Business and personal services but limited to the following types of establishments: Appliance repair, barber and beauty shops, coin operated cleaning and laundry, copy service, day care centers, d…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Carthage, TNWithin the C-1 Central Commercial District, as shown on the Official Carthage Zoning Map, the following regulations shall apply: 11-504.2 PERMITTED USES 11-504.2A Business and personal services but limited to the following types of establishments: Appliance repair, barber and beauty shops, coin operated cleaning and laundry, copy service, day care centers, dry cleaning and laundry pickup, employment agency, financial service, insurance agency, :interior decorating, legal service, locksmith, office equipment repair, photographic service, real estate agency, shoe repair, tailoring, travel agencies and similar uses. 11-504.28 Retail trade but limited to the following types of establishments : Antique shop, apparel shop, appliance shop, bakery-rytail, bookstore, camera and photographic supply, caterer, confectionery, drapery sales, drug store, electronic shop, florist retail, fruit market, furniture-retail, gift shop, grocery store-retail, handicrafts, hardware, jewelry, meat market, music store, office supplies, optical goods, restaurant, sporting goods, video sales and rental, and similar uses. ll-504.2C Professional offices for doctors, dentists, lawyers, architects, artists, engineers and the like. · 11-504.2D Federal, state, rounty and municipal uses except outside storage areas. 11-504.2E Public and semi-public uses; but limited to the following types of establishments: Church or similar place of worship, charitable, fraternal or social organization . ll-504.2F Off-street parking lots meeting the design requirements of Section 11-301.5 of this Official Zoning Code. 11-504.20 Amusement and recreational services; but limited to the following types of establishments: Club or lodge, indoor theater, public parks , and private recreational facility. ll-504 .2H Accessory structures and uses incidental and subordinate to the principal structure. 11-504.21 Temporary structures, subject to the provisions of Section 11-609 of this Official Zoning Code. 11-504.3 USES PERMITTED ON APPEAL (SPECIAL EXCEPTIONS) 40 After public notice and hearing and subject to appropriate conditions and safeg uard s, the Board of Zoning Appeal s may permit as special exceptions: ll-504.3A ll-504.3B 11-504.4 ll-504.4A 11-504.4B 11-504.5 Multi-family apartments and mixed commercial/multi-family apartments (new construction or rehabilitation of existing structure ) provided that the following cond ition s are complied with : l. The off-street parking requirements of Section 11-301 of this Official Zoning Code shall be comp lied with. 2.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
