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Property profile & analytics
OFF-MARKET Estimated value $3,465,000
Commercial real estate

1238 Main Ave 1258 Erwin, TN 37650-9122

29,920 SF 6.39 ac lot Built 1979
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US80-1159773
Property summary
AI-generated overview

This exceptional Erwin, Tennessee property, located at 1238 N Main Ave, offers 80,561 square feet of retail, office, and restaurant space within a thriving shopping center. The single-story, 1979-built building sits on a 7.56-acre lot (329,321 square feet) and features two immediately available suites: an 8,450-square-foot space (formerly an apparel store) and a 7,000-square-foot space (formerly a Rite Aid). Both are available for lease at a rate of $6.50 per square foot, with a triple net (NNN) rate of $1.27 per square foot. The property boasts excellent visibility and accessibility from North Main Street, ample parking with convenient door-front spaces, and a strong tenant mix including Tractor Supply, AutoZone, Dollar General, H&R Block, Subway, Rocky's Pizza, Sister & Shears, and Dan Manuel Mexican Restaurant. The property's APN is 086023D G 03800. Currently, 15,450 square feet of the building is vacant. Start-up businesses should submit a business plan and financial documentation for consideration. This location presents a unique opportunity for a variety of businesses, including but not limited to outdoor gear, specialty retail, service businesses, medical supplies, financial offices, tobacco or vape shops, vintage or home décor, clinics, or rehabilitation centers. The property's diverse tenant base and high-traffic location make it an ideal investment opportunity.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1979
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 29,920 SF
Lot 6.39 ac (278,348 SF)
APN 086023D G 03800
UPID US80-1159773
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
Current use
Occupant on record · Public records
  • Don Manuel Mexican Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.69M
Blend (final) Blend
$3.47M
Owner & transaction history
Autozone Development LLC · 1 yrs held
Autozone Development LLC
since 2024
3 recorded transactions
2024
Price N/A
2018
$11,000
2012
$2.5M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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