Property profile

2049 Waynesboro Hwy Waynesboro, TN 38485

OFF-MARKET
Retail space
Property ID
US80-2857237
1,860 SF 1 ac lot Built 1986
Individually Owned 8-yr Hold Free & Clear
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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

Location

2049 Waynesboro Hwy Waynesboro, TN 38485-6519
Waynesboro metro Census 950100
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2018
3 recorded transactions
2018
$40,000
2010
$117,000
1992
$70,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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