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Property profile & analytics
OFF-MARKET
Retail space

1505 Verona Caney Rd Lewisburg, TN 37091-6486

2,190 SF 1.26 ac lot Built 1993
Individually Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US80-0487015
Property summary
AI-generated overview

This exceptional retail property presents a unique investment opportunity in the thriving Lewisburg, TN market. The 1,800 square foot commercial building sits on a spacious 1.26-acre lot, offering ample space for operations and potential expansion. Recent updates include a new 40 x 40 covered back patio, ideal for outdoor seating or events, and a real wood-burning fireplace, creating a welcoming atmosphere. The building is equipped with a durable metal roof, two HVAC units, and commercial-grade smoke eaters, ensuring efficient climate control and safety. The property's functionality is further enhanced by its inclusion of all existing contents (excluding specified items: wall art, poker table, jukebox, dart boards, golf game, and ATM). An attractive add-on option exists: the purchase of an adjacent 7.89-acre parcel zoned for agricultural use. This additional land boasts a scenic Big Rock Creek along its rear boundary, though it's important to note that portions of this acreage fall within a floodplain. The tax parcel ID for this additional land is 057 054.00. This combined property presents a compelling opportunity for a business owner seeking a well-maintained space with significant expansion potential in a rapidly growing area. The asking price for the 1.8k sqft building and 1.26 acres is $650,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1993
Total area 2,190 SF
Lot 1.26 ac (54,886 SF)
APN 059057 05401
UPID US80-0487015
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
  • The Burg Bar & Pub
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
Robert Hewitt · 4 yrs held
Robert Hewitt
since 2022
Last sale
$230,000
2 recorded transactions
2022
Price N/A
2022
$230,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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