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Property profile & analytics
OFF-MARKET
Warehouses

6040 1st St Milan, TN 38358-1722

1,944 SF 1.4 ac lot Built 1955
Individually Owned 11-yr Hold Free & Clear
Property ID
US80-0668446
Property summary
AI-generated overview

This exceptional 1.44-acre commercial lot presents a unique investment opportunity in Milan, Tennessee. Strategically located on Highway 45 E, this property boasts high visibility and excellent access for any commercial venture. The lot is level and currently zoned for commercial use, offering a blank slate for development. An existing building, previously used as a flower shop and originally a feed store, sits on the property. While the main building requires repairs, it retains original oak floors, hinting at the property's historical character. The building's structure presents a chance for adaptive reuse or complete demolition to make way for new construction. The possibilities are vast, ranging from retail spaces to light industrial uses, perfectly suited to capitalize on the high-traffic location. This property is ideal for investors seeking a prime location with significant potential for return. The level terrain simplifies development, minimizing site preparation costs. Don't miss this chance to acquire a highly visible commercial property in a growing area. The property's size and location make it an attractive proposition for a variety of commercial uses. Serious inquiries are encouraged.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1955
Total area 1,944 SF
Lot 1.4 ac (60,984 SF)
APN 123 05100
UPID US80-0668446
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Trent Capps · 11 yrs held
Trent Capps
since 2015
5 recorded transactions
2021
Price N/A
2015
$85,000
2010
$42,000
2007
Price N/A
2002
$45,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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