301 Lake Dr Ripley, TN 38063
For Sale
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This exceptional commercial building, situated conveniently off Highway 51 in Ripley, Tennessee, presents a unique investment opportunity. Boasting approximately 4,000 square feet of adaptable space, this property is ideal for a variety of business ventures. The layout includes two bathrooms, dedicated office areas, and expansive open spaces, providing flexibility for diverse operational needs. A key feature is the presence of two separate entrances, offering the potential to divide the building into two independent units, thereby increasing rental income or accommodating multiple tenants. This allows for customized configurations to suit individual business requirements. The property's prime location near Highway 51 ensures high visibility and easy accessibility for clients and employees. The building's size and layout make it suitable for a wide range of uses, from professional offices and retail spaces to light industrial operations. This is a rare opportunity to acquire a well-positioned commercial property in a thriving community. Serious inquiries are encouraged to explore the full potential of this versatile space. The property is offered at $335,000. The lot size is zero acres.
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US Agricultural Department Federal Government Office
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Lauderdale County Soil Conservation District Sustainability Organization
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Cane Creek Watershed District Government Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
B2 · Ripley, TNCosts & 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.