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    OFF-MARKET
    Strip malls

    119 Old Hickory Blvd, Madison, TN 37115-3932

    5,099 SF 0.15 ac lot Built 1960
    Individually Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US80-3385456
    Property summary
    AI-generated overview

    This exceptional 5,000 square foot commercial property in Madison, Tennessee, presents a lucrative investment opportunity. Situated at 119 E Old Hickory Blvd, this prime location boasts high visibility and easy access. The building features a spacious 2,150 square foot retail area at the front, perfect for a variety of businesses. A rear loading door provides convenient access to the 2,600 square foot warehouse space, currently leased until April 30, 2025, generating a monthly income of $2,000. This consistent rental income stream offers immediate return on investment. The property sits on a 0.13-acre lot, providing ample space for operations and potential expansion. The central Madison location ensures high foot traffic and excellent visibility, making it an ideal space for a thriving business. This versatile property is suitable for a wide range of commercial uses, offering a blend of retail and warehouse space to meet diverse business needs. The combination of a strong rental income and prime location makes this a truly exceptional investment opportunity. The asking price is $650,000. Don't miss out on this chance to acquire a valuable asset in a rapidly growing market.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1960
    Total area 5,099 SF
    Lot 0.15 ac (6,534 SF)
    Zoning code CS
    APN 043-13-0-035-00
    UPID US80-3385456
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Michael Gioseffi · 3 yrs held
    Michael Gioseffi
    since 2023
    Last sale
    $412,000
    3 recorded transactions
    2023
    $412,000
    2003
    $175,000
    1996
    $130,000
    Zoning & alternative use
    CS · Madison, TN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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