Property profile

12250 Hwy 70th W Sparta, TN 38583

OFF-MARKET
Retail space
Property ID
US80-2566624
1,200 SF 0.28 ac lot Built 1960
Individually Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,200 square foot retail property is located at 12250 Hwy 70 W in Sparta, Tennessee. Situated on a 0.28-acre lot, this building enjoys a prime, high-visibility location, ideal for attracting customers. Recent improvements include a brand new HVAC system, a new roof, and new gutters, ensuring low maintenance and operational efficiency. The property has already received zoning and approval from the State of Tennessee, making it immediately ready for occupancy. The versatile space is suitable for a variety of retail uses, from a traditional storefront to a used car dealership, offering significant potential for a wide range of businesses. The 1,200 square feet provides ample space for retail displays, inventory storage, and customer interaction. The 0.28-acre lot offers potential for expansion or outdoor display areas, depending on the specific business needs. This turnkey property presents a rare opportunity to acquire a well-maintained, high-visibility retail space in a desirable location. Its updated features and pre-approved zoning make it an attractive investment for entrepreneurs and business owners seeking a ready-to-use commercial property. The asking price is $129,900.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1960
Total area 1,200 SF
Lot 0.28 ac (12,197 SF)
APN 018096 01105
UPID US80-2566624

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

12250 Hwy 70th W Sparta, TN 38583-8502
Sparta metro Census 970302 CROSSVILLE, TN MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$75k

Owner & transaction history

since 2022
Last sale
$52,500
5 recorded transactions
2022
$52,500
2020
$30,000
2015
$34,353
2007
$40,000
2002
$25,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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