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Property profile & analytics
FOR SALE
Banks

124 S Main St Ridgely, TN 38080

3,380 SF 0.17 ac lot Built 1969
Individually Owned 6-yr Hold Free & Clear
Property ID
US80-0955690
Property summary
AI-generated overview

This exceptional office building, located at 124 S Main St in the thriving town of Ridgely, Tennessee, presents a fantastic investment opportunity. Boasting a generous 2,120 square feet of well-maintained space, this property is ideally suited for a variety of businesses. The building's strategic location on Main Street ensures high visibility and easy access for clients and employees. The property sits on a lot with no acreage, making it low-maintenance and efficient. The asking price of $145,000 represents exceptional value for a property of this size and location in Ridgely. This is a turnkey opportunity for an established business seeking to expand or a new venture looking for a solid foundation. The interior layout is adaptable and can be configured to meet the specific needs of various businesses. The building is ready for immediate occupancy, allowing for a quick and seamless transition. Don't miss this chance to acquire a prime commercial property in a growing Tennessee town. Serious inquiries are encouraged to explore this promising investment further. The property is offered as-is.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1969
Total area 3,380 SF
Lot 0.17 ac (7,480 SF)
APN 057K Q 01100
UPID US80-0955690
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
Scott Riley · 6 yrs held
Scott Riley
since 2019
1 recorded transaction
2019
$57,750
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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