1223 Hatcher Ln, Columbia, TN 38401-3531
- Medical Office Space
- 1,247 SF
- 0.09 lot acres
Current Use by Public Records
- Dr. James C. Wallwork, MD / Pediatrician / Physician
- Worker's Health & Walk-In Clinic / Medical Clinic
Property Details for 1223 Hatcher Ln
- Year built
- 1984
- Lot size
- 0.09 lot acres
- Zone code
- OCL
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 060100J D 02304
- APU
- 060100JD02304
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 1, 2007 | $130,000 | Kenneth A Young | Andrews,david K & Cindy T | Warranty Deed | $302k · Heritage Bank |
| Apr 20, 1989 | $79,900 | David K Andrews Dr | Unknown | Grant Deed | — |
| — | — | Kenneth A Young | — | Deed Of Trust · related | $280k · First Freedom Savings Bank |
| — | — | Kenneth Young | — | Deed Of Trust · related | $29k · First Freedom Savings Bank |
Description
This exceptional commercial property presents a lucrative investment opportunity in the thriving city of Columbia, Tennessee. The 3,354 square foot building sits on a 0.25-acre lot and is comprised of three individual units. Currently, two units are leased to a single medical tenant, while a separate medical provider occupies the third unit. The property boasts a strong current annual rental income exceeding $50,000, offering significant potential for future growth and a projected cap rate between 7% and 10%. This potential is driven by the opportunity to increase rental rates in the future. The strategic location in historic Columbia ensures high visibility and accessibility. Given the existing business operations within the building, showings are best coordinated outside of standard business hours to minimize disruption. This property is ideal for investors seeking a stable, high-return investment in a desirable location with established medical tenants. The building's size and layout offer flexibility for future tenants or potential expansion. This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a growing market. The property's current occupancy and strong rental income stream make it an attractive investment with significant upside potential.
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Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Maury
- State
- Tennessee
- Longitude
- -87.058
- Latitude
- 35.6038
- CBSA code
- 34980
- CBSA name
- NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
