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Property profile & analytics
FOR SALE
Auto shops

3029 Highland St Milan, TN 38358

4,930 SF 0.44 ac lot Built 2022
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US80-1590755
Property summary
AI-generated overview

This exceptional 5,000-square-foot industrial shop, constructed just two years ago, presents a remarkable opportunity for commercial expansion. Located at 3029 & 3025 Highland Street in Milan, Tennessee, this meticulously maintained facility boasts a welcoming reception area and a comfortable waiting room, ensuring a positive client experience. Two conveniently located bathrooms cater to both employees and visitors. The building's functionality is further enhanced by eight 12x12-foot bay doors, perfect for accommodating large vehicles and equipment. High 14-foot ceilings provide ample vertical space for various projects and operations. Built on a robust 12-inch concrete slab reinforced with three layers of rebar, this structure is designed for durability and longevity. A substantial 200-amp electrical service ensures sufficient power for demanding operations. The shop is fully insulated, excluding the roof, contributing to energy efficiency. Ample parking is provided with over 50 spaces available. Security is a key feature, with a comprehensive 12-camera security system included in the sale. This property is ideally suited for automotive businesses or other commercial ventures requiring a spacious, well-equipped, and secure workspace. The combination of modern amenities, robust construction, and convenient features makes this an exceptional investment opportunity. The asking price is $650,000.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 2022
Total area 4,930 SF
Lot 0.44 ac (19,190 SF)
APN 140F E 01800
UPID US80-1590755
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Vestal Automotive Shop Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Samuel Lee Vestal · 4 yrs held
Samuel Lee Vestal
since 2021
Last sale
$70,000
4 recorded transactions
2021
$70,000
2019
Price N/A
2015
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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