518 Broadway St S, Portland, TN 37148
For Sale
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.
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.