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Property profile & analytics
OFF-MARKET
Retail space

3779 Main St Pikeville, TN 37367-5331

3,534 SF 1.22 ac lot Built 1960
Individually Owned 3-yr Hold Free & Clear
Property ID
US80-2588301
Property summary
AI-generated overview

This exceptional commercial property in Pikeville, TN, presents a lucrative investment opportunity. Located at 3779 Main Street, this 8,668 square foot property sits on a 1.22-acre lot and features two separate buildings. The first building, a single-story structure, has historically served as an auto repair shop, offering multiple garage bays and retail storefronts. This building's versatile layout allows for 3-5 tenants, maximizing rental income potential. Ample parking is available both in front and behind the building. The second building, a single-story red brick structure, is currently used as a furniture and antique shop, boasting multiple entry doors and high visibility due to its prime location at the intersection of two main roads. This strategic positioning ensures excellent exposure for tenants. The property also includes a billboard with an existing lease generating additional monthly cash flow. Built in 1960, this Class B property offers 50 parking spaces and is zoned for commercial use. Currently at 50% occupancy, with units potentially available within 30 days, this property presents a strong value-add opportunity for an owner/user or investor seeking lease income. The asking price is $530,000, with a price per square foot of $61.14. The property consists of two buildings, each with one story, totaling two units.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1960
Total area 3,534 SF
Lot 1.22 ac (53,143 SF)
APN 004065 01600
UPID US80-2588301
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Edward L Tollett · 3 yrs held
Edward L Tollett
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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