1441 Market St Dayton, TN 37321

Property Details for 1441 Market St

Year built

1924

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.10 lot acres

Property size

6,360 SF

Property type

Retail space

APN

089L C 01200

APU

089LC01200

Description

This stunning three-level, 3,660 square foot office building, located at 1441 Market Street in Dayton, Tennessee's historic district, presents a unique investment opportunity. Originally constructed in 1924 as a bank, this iconic structure underwent a complete remodel in 2020, seamlessly blending its timeless architectural details with contemporary amenities. The property sits on a 0.1-acre lot adjacent to the historic courthouse square, offering exceptional visibility and accessibility. Currently housing two long-term tenants, the building boasts a strong rental history. The second floor, featuring approximately 762 square feet of rentable space, generates an estimated annual income of $14,000 to $15,000. Added in 1956, the third floor provides additional office suites, presenting opportunities for expansion or diversification of tenants. The building's prime location within the Historic District qualifies it for annual grants for exterior improvements, including windows, doors, awnings, and paint, further enhancing its value and curb appeal. With its versatile layout and rich history, this property is ideally suited for a variety of uses, including a boutique hotel, restaurant, or continued use as prime office space. The asking price is $1,488,000. The second floor's luxurious suite offers a breathtaking view of the courthouse square through an oversized arched window. This is a rare chance to acquire a piece of Dayton's heritage and capitalize on its significant income potential.