1238 Main Ave 1258 Erwin, TN 37650-9122
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.
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Don Manuel Mexican Restaurant Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.