422 Main St Madisonville, TN 37354
- Office Properties & Spaces
- 3,201 SF
- 0.56 lot acres
Current Use by Public Records
- Senior Helpers / Home Health Care Service / Home Help Service Agency
Property Details for 422 Main St
- Year built
- 1980
- Lot size
- 0.56 lot acres
- Property size
- 3,201 SF
- Zone code
- R-2
- Property type
- Office Properties & Spaces
- APN
- 062067D D 01800
- APU
- 062067DD01800
Description
This exceptional 3,201 square foot commercial building located at 422 Main Street in Madisonville, Tennessee, presents a fantastic opportunity for a variety of businesses. Previously occupied by a successful senior care operation, the property boasts a versatile layout ideal for multiple office spaces, a large therapy room (with removable ramp and raised floor), and ample storage. The building includes a well-equipped private kitchen and separate employee and public restrooms, ensuring convenience and functionality. A significant advantage is the generous parking provision, featuring a front lot and additional employee parking at the rear. Accessibility is a key feature, with the building designed to meet handicap accessibility standards. The 0.56-acre lot provides ample space and the building's adaptable design allows for customization to suit diverse business needs. The asking price is $375,000, and owner financing is available, making this an attractive investment opportunity. This property is ready for immediate occupancy and offers a blend of functionality, accessibility, and potential for future growth in a desirable location. The existing layout, while previously used for senior care, is easily adaptable to a variety of office uses, making it a truly versatile commercial space. The combination of ample parking, a convenient location, and the availability of owner financing makes this a compelling proposition for discerning buyers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $190,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $150,000
- 6.5%
- $165,000
- 7%
- $145,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $160,000
- Geo Method
- $165,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $130,000
- Retail
- $155,000
- Mixed-Use
- $145,000
- Hospitality
- $125,000
- Educational
- $135,000
- Residential Income
- $135,000
- Energy
- $140,000
- Income-Based Land
- $170,000
- Food Service
- $160,000
Location Insight
- Map
- Local Demand
- City
- Madisonville
- County
- Monroe
- State
- Tennessee
- Longitude
- -84.3609
- Latitude
- 35.5207