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Property profile & analytics
OFF-MARKET
Commercial land

401 Gaines St Lawrenceburg, TN 38464-3110

3,608 SF 0.25 ac lot Built 1979
Individually Owned 3-yr Hold Free & Clear
Property ID
US80-3531375
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1979
Total area 3,608 SF
Lot 0.25 ac (10,725 SF)
APN 050089B A 00200
UPID US80-3531375
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
Current use
Occupant on record · Public records
  • Ricky B's Fast Cash Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
George Vrailas · 3 yrs held
George Vrailas
since 2023
Last sale
$420,000
5 recorded transactions
2023
$420,000
2021
Price N/A
1989
$69,000
1989
$69,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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