212 Water St Carthage, TN 37030-1537
This exceptional 1,600 square foot commercial property, situated at 212 Water Street in Carthage, Tennessee, presents a rare investment opportunity. Located just minutes from the town square, this property enjoys convenient access to local shops and restaurants, ensuring high visibility and foot traffic. The 0.06-acre lot benefits from public water and sewer connections, simplifying utility setup. The building itself is a blank slate, offering immense flexibility for a wide range of commercial ventures. Previous owner considerations included a duplex, short-term rental (STR), commercial office space, photography studio, mini-storage units, food bank, or bakery – showcasing the property's adaptability. A significant advantage is the recently installed (within the past year) new metal roof, minimizing future maintenance costs. The property is being sold with a new survey, providing clear and accurate boundary information for potential buyers. This is an ideal opportunity for entrepreneurs seeking a versatile space in a thriving community. The central location and adaptable nature of the building make it a highly attractive investment with significant potential for return. Don't miss this chance to acquire a prime commercial property in the heart of Carthage.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Carthage, TNCarthage. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.