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    FOR SALE
    Commercial real estate

    518 Broadway St S, Portland, TN 37148

    3.2 ac lot
    Property ID
    US80-0614561
    518 Broadway St S, Portland, TN 37148 For Sale
    $425,000
    518 Broadway St S, Portland, TN 37148
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    Property summary
    AI-generated overview

    This exceptional 3.2-acre commercial property boasts an unparalleled location in Portland, Tennessee's thriving business district. Situated on Broadway Street South, this lot offers 197 feet of frontage along Highway 109, ensuring maximum visibility and accessibility for any commercial venture. The high traffic counts on this major thoroughfare guarantee significant exposure to potential customers. The property's strategic placement is further enhanced by its proximity to established businesses such as O'Reilly Auto Parts, Sonic, and Ace Hardware, creating a synergistic environment for growth and success. While currently not zoned commercial, adjacent properties already hold commercial zoning, suggesting a straightforward rezoning process. This presents a unique opportunity to develop a wide range of commercial uses, capitalizing on the area's robust economic activity and high demand for commercial space. The expansive lot size provides ample room for construction and development, allowing for flexibility in design and scale. This is a rare chance to acquire a prime piece of commercial real estate in a rapidly expanding market. Don't miss this opportunity to establish your business in a highly visible and convenient location. The property is priced at $425,000.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 3.2 ac (139,392 SF)
    UPID US80-0614561
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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