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    OFF-MARKET
    Individual retail properties

    1308 Neelys Bnd Rd, Madison, TN 37115-5515

    1,034 SF 0.57 ac lot Built 1960
    Individually Owned ~ Est. High Equity
    Property ID
    US80-0845736
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Individual retail properties
    Use group LAUNDROMAT (SELF-SERVICE)
    Year built 1960
    Construction FRAME
    Total area 1,034 SF
    Lot 0.57 ac (24,829 SF)
    Zoning code RS20
    APN 052-16-0-083-00
    UPID US80-0845736
    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
    • Neely's Bend Haircutters Barber Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Cynthia J Carlton
    Cynthia J Carlton
    1 recorded transaction
    1969
    Zoning & alternative use
    RS20 · Madison, TN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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