1175 Ellington Pkwy Lewisburg, TN 37091-2230
Property profile & analytics
1175 Ellington Pkwy, Lewisburg, TN 37091-2230
- Grocery and convenience stores
- 8,900 SF
- 0.50 lot acres
Property ID
US80-1937888
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Citgo / Gas Station
- K AND S MARKET / Grocery & Convenience Store
- M.C. Auto Detailing / Car Wash
- K & S Market Smoke Shop / (Bike/Boat/Book/etc) Store
- Designed Comfort Systems / HVAC Service / General Contractor
Property Details for 1175 Ellington Pkwy
- Year built
- 1975
- Construction
- FRAME
- Lot size
- 0.50 lot acres
- Property type
- Grocery and convenience stores
- APN
- 059064A C 00700
- APU
- 059064AC00700
Description
This exceptional 8,400 square foot retail property presents a compelling investment opportunity in Lewisburg, Tennessee's burgeoning commercial district. Situated on a half-acre lot at 1175 N Ellington Pkwy, the property boasts two currently leased units, generating immediate income. A significant portion of the building, measuring 2,714 square feet, is currently vacant but offers considerable flexibility. This space could easily be subdivided into two additional units, increasing rental income and maximizing the property's potential. The existing infrastructure includes pre-installed and state-compliant underground fuel tanks, presenting a unique opportunity to add gas pumps to the property, further enhancing its value and revenue streams. This prime location in a rapidly developing area ensures strong potential for future growth and appreciation. The property's size, existing tenancy, and expansion possibilities make it an ideal investment for both seasoned and emerging commercial real estate investors seeking a high-return opportunity in a thriving market. The asking price of $950,000 reflects the property's significant potential and current income generation. This is a rare chance to acquire a versatile retail property with immediate income and substantial upside in a dynamic and promising location.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $720,000
- AI Estimate
- $771,000
Market price range: $303k - $1.07MMarket price range: $303k - $1.12M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $665,000 Current use
- COMMERCIAL (GENERAL)
- $1,060,000 Change: +59% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lewisburg
- County
- Marshall
- State
- Tennessee
- Longitude
- -86.788
- Latitude
- 35.4649
- CBSA code
- 30280
- CBSA name
- LEWISBURG, TN MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$7,178
$60,960
$108,320
$169,280
-
$152,400
$270,800
$423,200
