2727 Palmyra Rd Palmyra, TN 37142-2051
This exceptional 22,643 square foot mixed-use property, situated on a 4.77-acre lot at 2727 Palmyra Road in Palmyra, Tennessee, presents a compelling investment opportunity. Previously operating as a certified 72-bed nursing home, the building offers significant potential for redevelopment into various healthcare or residential uses. The property boasts a comprehensive security system including cameras and secured doors, enhancing its appeal for a range of potential uses. The building is equipped with PTAC heating and air conditioning units, ensuring climate control throughout. A backup generator provides peace of mind and operational continuity during power outages. The inclusion of a Smart Link time clock system further streamlines operational management. Given its substantial size, versatile infrastructure, and prime location in Palmyra, Tennessee, this property represents a rare chance to acquire a significant asset with considerable upside potential. The property's existing features, including the security systems and climate control, offer a solid foundation for a variety of redevelopment projects. Serious inquiries are encouraged to explore the possibilities this unique property offers. The asking price is $1,875,000.
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
Property description
Physical attributes from public recordsZoning & alternative use
AG · Palmyra, TNPalmyra. Always verify with local authorities before improvements.
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.