1308 Neelys Bnd Rd, Madison, TN 37115-5515
This exceptional mixed-use property presents a unique investment opportunity in the thriving Madison, TN market. Located at 1308 Neelys Bend Road, this 810-square-foot building sits on a 0.57-acre lot and offers a compelling blend of commercial and residential space. For years, the property has successfully operated as a beauty/barber shop, benefiting from its high-visibility location directly across from a Mapco convenience store. This well-known establishment enjoys significant foot traffic and easy access for customers. The commercial space is complemented by comfortable living quarters situated at the rear of the building, providing a convenient live-work arrangement for the owner-operator. The property's prime location on Neelys Bend Road ensures excellent exposure to a steady stream of potential customers. This turnkey operation presents a rare chance to acquire a profitable business with immediate income potential and the added benefit of on-site residential space. The 0.57-acre lot offers potential for future expansion or development, adding further value to this already attractive investment. This property is priced at $489,000 and represents a strong return on investment in a desirable and growing community. Serious inquiries are encouraged.
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Neely's Bend Haircutters Barber Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RS20 · Madison, TNMadison. Always verify with local authorities before improvements.
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.