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Property profile & analytics
OFF-MARKET
Office Spaces

111 Main St Waverly, TN 37185-1508

2,904 SF 0.05 ac lot Built 1920
Entity Owned 22-yr Hold Free & Clear
Property ID
US80-1528183
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1920
Total area 2,904 SF
Lot 0.05 ac (2,240 SF)
APN 043064H E 01001
UPID US80-1528183
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Collier Appraisal & Associates Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Dreaden & Mealer LLC · 22 yrs held
Dreaden & Mealer LLC
since 2004
3 recorded transactions
2007
Price N/A
2004
$47,500
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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