306 Public Sq Centerville, TN 37033
- Retail space
- 3,463 SF
- 0.05 lot acres
Current Use by Public Records
- New Beginnings Salon and Spa / Beauty Salon
- Pure Aesthetics Skincare by Cyndy / Day Spa
Property Details for 306 Public Sq
- Year built
- 1900
- Lot size
- 0.05 lot acres
- Property size
- 3,463 SF
- Property type
- Retail space
- APN
- 041107E H 01200
- APU
- 041107EH01200
Description
This exceptional mixed-use property, located at 306 N Public Sq in the charming town of Centerville, Tennessee, presents a rare investment opportunity. Spanning 4,200 square feet on a 0.05-acre lot, this historic building seamlessly blends old-world charm with modern functionality. The ground floor currently houses a well-established and profitable salon, a beloved local business with a loyal clientele, ensuring a consistent income stream. Above the salon, three updated residential rental units provide additional revenue potential. These units have been thoughtfully renovated, incorporating modern amenities while preserving their historic character, making them highly sought-after by tenants. The building itself has undergone significant maintenance and upgrades, including updated electrical wiring, plumbing, and a modern HVAC system, ensuring long-term efficiency and minimal maintenance costs. This turnkey investment offers a unique blend of commercial and residential income, making it an ideal opportunity for investors seeking a strong return on investment in a vibrant and growing community. The property's prime downtown location provides excellent visibility and accessibility, further enhancing its appeal and potential for future growth. This is a chance to own a piece of Centerville's history and secure a profitable future. The asking price is $399,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $335,000
- 6.5%
- $325,000
- 7%
- $375,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $320,000
- Geo Method
- $335,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $420,000
- Retail
- $385,000
- Mixed-Use
- $315,000
- Hospitality
- $400,000
- Educational
- $325,000
- Residential Income
- $380,000
- Energy
- $345,000
- Income-Based Land
- $305,000
- Food Service
- $360,000
Location Insight
- Map
- Local Demand
- City
- Centerville
- County
- Hickman
- State
- Tennessee
- Longitude
- -87.4665
- Latitude
- 35.7792
- CBSA code
- 34980
- CBSA name
- NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
