216 Commerce St Waverly, TN 37185-1630

This exceptional 1.69-acre commercial lot at 216 E Commerce St, Waverly, TN, presents a unique investment opportunity. Located at a high-traffic intersection in Waverly, this pad-ready site boasts black asphalt millings and is conveniently situated with city water and other utility mains already in place beneath Commerce Street. The presence of an adjacent gas main and a nearby fire hydrant further enhances its practicality and value. This site enjoys a rich history, having successfully housed a farm/feed/U-Haul business for over 30 years, demonstrating its proven commercial viability. The property has been strategically developed with the building site raised above the flood elevation benchmark, and is awaiting updated FEMA flood maps. Potential buyers should explore the possibility of developing a three-story apartment building or townhomes, subject to applicable zoning regulations (available in uploaded documents). Seller financing is available, making this an even more attractive proposition for discerning investors seeking a prime location with significant development potential in a thriving Tennessee community. The property is priced at $695,000.