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    OFF-MARKET
    Retail space

    2049 Waynesboro Hwy, Waynesboro, TN 38485-6519

    1,860 SF 1 ac lot Built 1986
    Individually Owned 7-yr Hold Free & Clear
    Property ID
    US80-2857237
    Property summary
    AI-generated overview

    This exceptional 2,164 square foot property, situated on a sprawling 5.42-acre lot in Waynesboro, Tennessee, presents a remarkable investment opportunity. Previously operating as a bar and grill, the main building boasts a fully equipped kitchen, ample seating areas, and convenient parking. Its adaptable layout offers endless possibilities for conversion into a private residence, a new business venture, or a versatile multi-purpose space. Adding to its appeal is a charming one-bedroom cabin currently generating rental income from an existing tenant, providing an immediate return on investment. The expansive acreage offers ample space for outdoor activities, future expansion projects, or the construction of additional structures. Its strategic location, just two miles from the popular Crazy Horse Recreational Park (a major canoe rental hub on the Buffalo River), and minutes from Buffalo River trail rides and nearby campgrounds (Pine Bluff and Hearthstone), positions this property ideally to cater to the growing outdoor recreation market. This unique offering combines commercial, residential, and rental income potential, all within a peaceful rural setting while still maintaining convenient access to local amenities. This is a truly rare opportunity for entrepreneurs, investors, or anyone seeking a unique and versatile property.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1986
    Total area 1,860 SF
    Lot 1 ac (43,560 SF)
    APN 091025 00302 001
    UPID US80-2857237
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Steve Rees · 7 yrs held
    Steve Rees
    since 2018
    3 recorded transactions
    2018
    $40,000
    2010
    $117,000
    1992
    $70,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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