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    OFF-MARKET
    Parking lots & garages

    214 Woodruff St, Madison, TN 37115

    0.42 ac lot
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US80-1698265
    Property summary
    AI-generated overview

    This exceptional mixed-use property, encompassing 8,000 square feet on a 0.42-acre lot at 214 Woodruff Street in Madison, Tennessee, presents a compelling investment opportunity. The property, which includes the adjacent 210 Woodruff Avenue, is currently configured as a single building and has served as the home of Madison Lodge 762. The lodge's relocation creates this unique chance to acquire a well-maintained, two-story structure ideally situated in the heart of Madison. Constructed of durable prestressed concrete and brick, the building is in excellent condition and boasts ample parking accommodated by a substantial concrete parking lot. The substantial square footage offers significant versatility for a variety of commercial uses, allowing for creative adaptation to suit diverse business needs. The property's prime location within Madison ensures high visibility and accessibility, making it an attractive proposition for entrepreneurs and investors seeking a strong foothold in a thriving market. The 0.42-acre lot provides ample space for expansion or outdoor amenities, further enhancing its potential. This is a rare opportunity to acquire a well-established building with significant upside in a desirable Tennessee location. The asking price is $1,750,000.

    Property profile
    Verified
    Property type Parking lots & garages
    Use group PARKING LOT
    Lot 0.42 ac (18,295 SF)
    Zoning code CS
    APN 042-16-0-091-00
    UPID US80-1698265
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    MADISON LODGE NO 762
    MADISON LODGE NO 762
    Zoning & alternative use
    CS · Madison, TN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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