Property profile

508 Main St Brownsville, TN 38012

OFF-MARKET
Hospitality properties
Property ID
US80-3380760
3,943 SF 1.3 ac lot Built 1865
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Property summary

AI-generated overview

This stunning 3,943 square foot, Class B, Greek Revival-style building, constructed in 1865, is located at 508 W. Main St, Brownsville, TN 38012, on a 1.3-acre lot. Currently operating as a successful wedding venue, this owner-user investment opportunity is priced at $649,900. The property features three bedrooms, three bathrooms, separate bride and groom's suites, a spacious kitchen, elegant living and dining areas, a grand foyer with a spiral staircase, and an upstairs balcony. Recent renovations include a new roof, fresh paint, and refinished floors. The grounds boast mature trees and lush landscaping, providing a picturesque setting for events. The sale includes all furnishings and appliances, 200 chairs with tables, and established social media accounts and pictures. Additional business assets, including the established business name and future bookings, are available for an additional $60,000. The property's proximity to Memphis and the new Blue Oval City Ford Plant offers significant potential for growth. Projected 2024 revenue is available upon request. This property presents a unique opportunity to own a piece of history while capitalizing on the thriving event venue market. The property is adaptable for various uses, including a bed and breakfast, restaurant, or Airbnb.

Property profile

Verified
Property type Hospitality properties
Year built 1865
Total area 3,943 SF
Lot 1.3 ac (56,628 SF)
UPID US80-3380760

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Wedding Service
  • Take-out & Catering Catering Service

Location

508 Main St Brownsville, TN 38012
Brownsville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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