401 Hillsboro Blvd Manchester, TN 37355
This exceptional 2,228 square foot mixed-use building is situated on a 0.18-acre lot at 401 Hillsboro Blvd in Manchester, TN, a high-traffic area offering unparalleled visibility and accessibility. Priced at $499,900, this property presents a remarkable investment opportunity with diverse potential uses. The main level boasts a spacious work area, perfect for retail or office space, complemented by two waiting areas, a kitchenette, and ample storage. The upper level, previously configured as an apartment, features several rooms, a full bath, and a kitchen, offering additional flexibility for expansion or conversion to suit various business needs. The building's previous use as a salon demonstrates its adaptability and established presence within the community. A potential lease option is available at $2,500 per month, providing immediate income potential for investors. This property's prime location and versatile layout make it an ideal choice for entrepreneurs and investors seeking a thriving commercial venture in a bustling area of Manchester. The building's substantial size and well-defined spaces offer a unique opportunity to establish a successful and long-lasting business. Don't miss this chance to own a piece of Manchester's vibrant commercial landscape.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.