220 Main St Ashland City, TN 37015-1305

This exceptional mixed-use property, located at 220 N Main St in Ashland City, Tennessee, presents a compelling investment opportunity. The 5,312 square foot building, constructed in 1976 and extensively renovated in 2017, boasts a Class A designation and features a blend of executive office, storefront, and traditional office spaces. Currently housing two tenants, the property enjoys a 50% occupancy rate, with an occupancy date of April 1, 2024. The main floor generates $2600 in monthly rent, while the upstairs apartment previously commanded $1650 per month. The building sits on a 0.18-acre lot and includes eight parking spaces. Improvements completed around 2018 encompass new electrical and plumbing systems, restrooms, windows, and a new roof. The property is zoned C1 and offers a gross lease type with fee simple ownership. This two-story building provides a total of two units, offering flexibility for various business needs. Its prime location across from the electric company and the new city hall in the thriving downtown Ashland City area ensures high visibility and accessibility. The asking price is $900,000, translating to $169.43 per square foot. This represents a strong return on investment in a rapidly developing area.