116 2nd St Pulaski, TN 38478-3217
- Retail space
- 8,182 SF
- 0.13 lot acres
Current Use by Public Records
- Honey Bacon Boudoir / Photography Studio
Property Details for 116 2nd St
- Year built
- 1996
- Lot size
- 0.13 lot acres
- Property size
- 8,182 SF
- Property type
- Retail space
- APN
- 028097A Q 02200
- APU
- 028097AQ02200
Description
This exceptional 8,600 square foot property, situated in Pulaski's historic downtown district at 116 N 2nd St (cross street: Jefferson), offers a unique blend of commercial and residential potential. Built in 1996 and renovated in 2022, this single-story building currently features 3,200 square feet of vacant space, easily adaptable to various uses. The existing layout includes 2,200 square feet of commercial space and a 1,000 square foot residential apartment, which could be seamlessly combined to create a larger 3,200 square foot commercial area. This presents a fantastic opportunity for a live-work arrangement, eliminating commute time. The space boasts high ceilings and abundant natural light. While currently featuring one bathroom in the residential area, adding a second bathroom in the commercial space is straightforward due to existing plumbing and electrical infrastructure. The building's design complements the historic architecture of the surrounding area, seamlessly blending modern functionality with classic aesthetics. The property sits on an 8,640 square foot lot, and an adjacent vacant lot is also owned by the current owner, offering potential for expansion. Zoned commercial, this Giles County property is ideal for retail, office, or restaurant use. The property is located in the Pulaski Downtown Historical Center submarket, offering excellent visibility and accessibility. No elevators are present.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $930,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $995,000
- 6.5%
- $1,080,000
- 7%
- $1,045,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $940,000
- Geo Method
- $1,050,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $990,000
- Retail
- $930,000
- Mixed-Use
- $970,000
- Hospitality
- $940,000
- Educational
- $1,130,000
- Residential Income
- $990,000
- Energy
- $880,000
- Income-Based Land
- $1,185,000
- Food Service
- $945,000
Location Insight
- Map
- Local Demand
- City
- Pulaski
- County
- Giles
- State
- Tennessee
- Longitude
- -87.0319
- Latitude
- 35.1999
