401 Gaines St Lawrenceburg, TN 38464

Property Details for 401 Gaines St

Year built

1979

Lot size

0.25 lot acres

Property size

3,608 SF

Property type

Commercial land

APN

050089B A 00200

APU

050089BA00200

Description

This exceptional mixed-use property, located at 401 W Gaines St in Lawrenceburg, Tennessee, presents a lucrative investment opportunity. The 6,500 square foot building comprises five separately rented units, all currently occupied with month-to-month tenants eager to remain. The property boasts a recently installed HVAC system and a newly paved parking lot, enhancing both tenant comfort and curb appeal. The building sits on approximately 0.64 acres of land, with a portion of the parking area designated as common space. Importantly, all five units have been consistently occupied since the beginning, and rents have remained stable for the past three years, currently generating a collective monthly income of $4,500. Note that one tenant operates a food truck on the premises. Prospective buyers should be aware that access to the building and interaction with tenants require prior qualification and the presence of the property owner's representative to avoid disturbing the occupants. The property's location in Lawrenceburg offers excellent visibility and accessibility. Please note that the lot size is approximate. Offers submitted should not have expiration dates falling between 5 PM on Friday and noon on Monday. This is a turnkey investment ready for immediate income generation.