306 Public Sq Centerville, TN 37033-1602
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.
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New Beginnings Salon and Spa Hair Salon Nail Salon
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Pure Aesthetics Skincare by Cyndy Alternative Medicine Practice Spa & Massage Center
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.