Property profile

206 Main St Newbern, TN 38059

OFF-MARKET
Retail space
Property ID
US80-1861842
2,100 SF 0.04 ac lot Built 1900
Individually Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 206 E Main Street in the vibrant town of Newbern, Tennessee, presents a unique investment opportunity. Boasting a substantial 3,400 square feet of space, this "Other" type property offers immense potential for a variety of commercial ventures. The building's prime location on Main Street ensures high visibility and accessibility, making it an ideal spot for businesses seeking strong foot traffic and convenient access for customers. The property sits on a lot with no acreage, making it a manageable and efficient space. Priced competitively at $125,000, this property represents an excellent value for entrepreneurs and investors alike. Its versatile layout allows for customization to suit a wide range of business needs, from retail spaces to offices, or potentially even a combination of uses. The building's solid construction and central location within Newbern offer a stable foundation for future growth and success. This is a rare opportunity to acquire a well-situated commercial property in a thriving community at an attractive price point. Serious inquiries are encouraged to explore the possibilities this property offers. Don't miss out on this chance to establish your business in a prime Newbern location. Contact us today to schedule a viewing.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Total area 2,100 SF
Lot 0.04 ac (1,932 SF)
APN 023047I E 02400
UPID US80-1861842

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant

Location

206 Main St Newbern, TN 38059-1556
Newbern metro Census 964001 DYERSBURG, TN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$120k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$90k

Owner & transaction history

since 2017
Last sale
$125,000
2 recorded transactions
2017
$100,000
1969
Price N/A

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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