151 Freeman St Tullahoma, TN 37388-2777

This exceptional mixed-use property in Tullahoma, Tennessee, presents a compelling investment opportunity. The main building, a Class B metal office building with a brick front, boasts a substantial 8,800 square feet, with approximately 8,800 square feet currently leased to the Tennessee Department of Children's Services. This lease agreement ensures a stable income stream, with rent increasing to $8,667 per month starting July 1, 2024, and continuing through June 30, 2029. An additional 3,740 square feet is available for lease at $1,500 per month, offering further income potential. The property sits on a generous 1.14-acre lot. Adding to the investment appeal is a 3-bedroom home located at 147 Silver Street, situated behind the main building, which generates rental income of $610 per month. Annual property taxes for the main building are $16,722, while the home's annual taxes amount to $514. This turnkey investment offers a blend of secure, long-term rental income and potential for additional lease revenue, making it an attractive proposition for discerning investors. The property's location in Tullahoma provides convenient access to local amenities and transportation networks.