214 Woodruff St, Madison, TN 37115
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CS · Madison, TNMadison. Always verify with local authorities before improvements.
No recorded transactions found for this property.
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.