Property profile

3604 Highway 48 N Charlotte, TN 37036

FOR SALE
Auto shops
Property ID
US80-1678590
5,775 SF 0.36 ac lot Built 1988
Individually Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 3604 Highway 48 N in Charlotte, Tennessee, presents a unique investment opportunity. Boasting 3,780 square feet on a 0.3-acre lot, this property enjoys a highly desirable location with 196 feet of road frontage on a major thoroughfare. The building features a substantial separate office area complete with its own restroom, providing ample space for administrative functions or a separate tenant. A six-bay garage offers significant storage or workshop capabilities, adding to the property's versatility. The property's prime location on Highway 48 ensures high visibility and accessibility, benefiting from consistent through-traffic from Clarksville, Ashland City, Dickson, and Nashville. Its proximity to the city center, restaurants, the historic court square, the new justice center, and a grocery store enhances its appeal and potential for various business ventures. Furthermore, there's a possibility of acquiring additional adjacent land to create a full city block, as shown in the accompanying photographs, presenting an opportunity for significant expansion. This family-owned property, held since the early 1970s, offers a rare chance to own a well-established commercial space in a thriving Tennessee town. The asking price is $1,200,000.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1988
Total area 5,775 SF
Lot 0.36 ac (15,682 SF)
APN 065E C 01100
UPID US80-1678590

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
  • Auto Repair Shop

Location

3604 Highway 48 N Charlotte, TN 37036
Charlotte metro Census 60202 NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2014
1 recorded transaction
2014
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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