1515 Main St, Lebanon, TN 37087-3115
- Office Spaces
- 3,392 SF
- 0.49 lot acres
Current Use by Public Records
- Gray's Auto Unlimited LLC / Car Dealership
- Action Auto Center / Car Dealership
- RCF Roofing / Roofing Company / General Contractor
Property Details for 1515 Main St
- Year built
- 1998
- Lot size
- 0.49 lot acres
- Property type
- Office Spaces
- APN
- 057 07304
- APU
- 5707304
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 1, 2025 | $925,000 | Baird Real Estate Holdings LLC | Grays Auto Unlimited LLC | Warranty Deed | — |
| Apr 30, 2021 | — | Brooke Porter Hawkins | Seville Properties LLC | Quit Claim Deed · related | — |
| Jul 29, 2015 | $340,000 | Grays Auto Unlimited LLC | Mary Galyean Selby | Warranty Deed | $272k · Pinnacle Bank |
| May 23, 2013 | — | Seville Properties LLC | Wakefield,kimberly K C | Quit Claim Deed · related | — |
| Jun 15, 2007 | $250,000 | Brian Selby | Vandever Gary W | Warranty Deed | $200k · Bank Of The South |
| — | — | Gray S Grays Auto Unlimited Ll | — | Deed Of Trust · related | $113k · Wilson Bk&tr |
| — | — | Brian Selby | — | Deed Of Trust · related | — |
| — | — | Gray S Auto Unlimited LLC | — | Deed Of Trust · related | $466k · Wilson Bk&tr |
Description
This exceptional 2,663 square foot retail property, situated on a 0.51-acre lot at 1515 W Main St in Lebanon, TN, presents a lucrative investment opportunity. The property boasts a thriving location within a rapidly expanding commercial corridor, experiencing significant growth with the recent arrival of national retail chains such as Starbucks and Tim Hortons. Its strategic position directly across from a new multifamily development ensures high visibility and consistent foot traffic. The versatile space includes a 1,426 square foot office area, featuring three private offices, a bathroom, and a kitchen, all equipped with central HVAC. Additionally, a 1,237 square foot shop/garage area offers three bays, vehicle lifts, an air compressor, and a gas heater, making it ideal for various uses. The property is zoned CG, providing flexibility for a range of commercial ventures. This prime location, combined with the property's diverse and well-maintained features, makes it an exceptional investment opportunity in a booming market. All showings must be scheduled in advance. Interior photos are available upon request. The asking price is $949,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,250,000
- ML approach
- $1,110,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $725,000
- 6.5%
- $665,000
- 7%
- $620,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $780,000
Market price range: $304k - $1.45M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $745,000 Current use
- MEDICAL BUILDING
- $865,000 Change: +16% Conversion: Easy
- AUTO REPAIR, GARAGE
- $665,000 Change: -11% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lebanon
- County
- Wilson
- State
- Tennessee
- Longitude
- -86.3367
- Latitude
- 36.219
- CBSA code
- 34980
- CBSA name
- NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
