Property profile

240 Main St Ashland City, TN 37015

OFF-MARKET
Auto shops
Property ID
US80-0400523
6,304 SF 0.37 ac lot Built 1947
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 6,000 square foot retail property, located at 240 S Main St in Ashland City, Tennessee, presents a unique investment opportunity. Built in 1947, the building sits on a 0.47-acre lot and is zoned C2, offering considerable flexibility for a variety of uses. Previously utilized as an automotive sales facility and more recently a brewery, the property boasts convenient roll-up doors and ample parking, making it ideal for a diverse range of businesses. The versatile space is well-suited for office, retail, warehouse, or dining establishments. Its prime downtown location within a growing community ensures high visibility and accessibility. The property is currently unleased and available for immediate occupancy. Furniture and equipment from the previous tenant are also available for purchase, providing a potential turnkey operation for the right buyer. The asking price is $850,000. Tax records are available upon request. This is an exclusive agency listing.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1947
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,304 SF
Lot 0.37 ac (16,117 SF)
APN 055C F 01400
UPID US80-0400523

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering

Location

240 Main St Ashland City, TN 37015-1612
Ashland City metro Census 70300 NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2019
7 recorded transactions
2019
$920,000
2009
$400,000
2003
$580,000
2001
$680,000
1994
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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