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Property profile & analytics
OFF-MARKET
Retail space

611 Hwy 52nd E Byp Lafayette, TN 37083

844 SF 1.3 ac lot Built 1991
Individually Owned 5-yr Hold Free & Clear
Property ID
US80-2389649
Property summary
AI-generated overview

This exceptional 11.41-acre mixed-use property presents a rare investment opportunity in the thriving city of Lafayette, Tennessee. Located directly across from the new Macon County Courthouse, this strategically positioned land boasts an impressive 1000 feet of road frontage along the new Highway 52 Bypass, ensuring unparalleled visibility and accessibility. Its prime location places it in the heart of Lafayette, just a short distance from a Walmart Supercenter, solidifying its position in the town's most desirable commercial area. The expansive acreage offers significant development potential for a variety of uses, catering to the growing needs of the community. The property's high traffic count and proximity to key civic and retail establishments make it an ideal site for a diverse range of commercial ventures, from retail spaces and restaurants to professional offices and light industrial facilities. This is a once-in-a-lifetime chance to acquire a substantial parcel of land in a rapidly expanding market, offering substantial returns for the discerning investor. The property's size and location combine to create a truly unique opportunity to establish a significant presence in the heart of Lafayette. Don't miss this chance to secure a piece of Lafayette's vibrant future. The asking price is $1,400,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1991
Total area 844 SF
Lot 1.3 ac (56,628 SF)
APN 056059F B 00801
UPID US80-2389649
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Charles D Jordan · 5 yrs held
Charles D Jordan
since 2020
Last sale
$15,000
3 recorded transactions
2020
Price N/A
1991
$15,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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