Property profile

321 Main St Brownsville, TN 38012

OFF-MARKET
Commercial real estate
Property ID
US80-1430204
13,420 SF 8.5 ac lot Built 1972
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 81,300 square foot retail strip center is ideally located in the heart of Brownsville's downtown area, boasting high visibility and excellent access to US-79 and US-70. Anchored by Dollar Tree, Sherwin Williams, AutoZone, Factory Connection, and Wholesale Electrical Supply, this multi-tenant property offers a strong tenant mix and ample parking. Currently, 12,200 square feet is available for lease, representing the former Kroger space. The property sits on a 7-8 acre lot and is zoned commercial, within Haywood County. The landlord is offering tenant improvement negotiations, making this an attractive opportunity for businesses seeking a prime location in a thriving market. The recent announcement of Ford's massive Blue Oval City investment in nearby Haywood County promises significant economic growth and increased population, further enhancing the long-term value of this property. This presents a unique chance to capitalize on a burgeoning market and secure a prominent retail presence in a rapidly developing area. The available space offers significant potential for a variety of retail uses. Don't miss this chance to invest in a high-traffic, well-established retail center.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1972
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 13,420 SF
Lot 8.5 ac (370,260 SF)
Zoning code SCC
APN 075D K 02200
UPID US80-1430204

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store

Location

321 Main St Brownsville, TN 38012-4111
Brownsville metro Census 930302 BROWNSVILLE, TN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.21M
Blend (final) Blend
$1.24M

Owner & transaction history

since 2023
5 recorded transactions
2023
Price N/A
2022
$3.1M
2022
Price N/A
2015
Price N/A
2004
$2.4M

Zoning & alternative use

SCC · Brownsville, TN
Top alternative use upside
Retail stores $865,000 +20.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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