111 Main St Waverly, TN 37185-1508
This exceptional 2,816 square foot commercial office building is situated on a 0.04-acre lot in the heart of downtown Waverly, Tennessee. Currently utilized as a thriving commercial office space, this property presents a multitude of potential uses, making it an ideal investment opportunity. Its central location offers unparalleled accessibility and visibility within the vibrant Waverly business district. A key advantage is the inclusion of a separate apartment located above the office space, which is currently rented and occupied by a tenant who desires to remain. This provides immediate rental income and a stable revenue stream for the new owner. The building's solid construction and desirable location ensure a strong return on investment. The property is one of the few remaining commercial buildings available in downtown Waverly, representing a rare opportunity to acquire a well-established and versatile property in a thriving community. The existing tenant's desire to continue their lease adds to the property's immediate value and potential for long-term stability. This is a turnkey operation ready for a new owner to step in and continue the success or explore new business ventures. The combination of commercial space and rental apartment makes this a unique and highly attractive investment. Don't miss this chance to own a piece of Waverly's thriving downtown area.
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Collier Appraisal & Associates Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.