706 N Main St Columbia, TN 38401
Property profile & analytics
706 N Main St, Columbia, TN 38401
- Office Spaces
- 7,662 SF
- 0.27 lot acres
Property ID
US80-0756853
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Office Spaces
Property Details for 706 N Main St
- Year built
- 1900
- Lot size
- 0.27 lot acres
- Zone code
- GBD
- Property type
- Office Spaces
- APN
- 060099A K 04500
- APU
- 060099AK04500
Description
This stunning 7,599 sq ft mixed-use property at 706 N Main St, Columbia, TN, presents a unique investment opportunity. The Nelson House Hotel, a historic landmark, sits on a 0.27-acre lot just one block from the town square. This property offers immense potential for redevelopment as a boutique hotel (the only one in downtown Columbia), restaurant, meeting space, or even a remarkable primary residence. The building boasts original architectural details including brick, wood flooring, a grand staircase, paneled doorways, transoms, fireplaces, and metal surrounds, all awaiting restoration. Included is a separate small brick building currently used for storage of original architectural elements removed during the beginning of a prior renovation. A significant advantage is the asphalt parking lot to the north, offering buildable space allowing for a structure up to five levels high. Detailed professional floor plans and supporting documentation, including a survey and engineering letter, are available. The property's rich history is well-documented, adding to its unique appeal and investment potential. This is a chance to own a piece of Columbia's heritage and shape its future.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,600,000
- ML approach
- $1,380,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,160,000
- 6.5%
- $1,070,000
- 7%
- $995,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $765,000 Current use
- MEDICAL BUILDING
- $1,160,000 Change: +52% Conversion: Easy
- RETAIL STORES
- $880,000 Change: +15% Conversion: Easy
- AUTO REPAIR, GARAGE
- $840,000 Change: +10% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Maury
- State
- Tennessee
- Longitude
- -87.0333
- Latitude
- 35.6157
- CBSA code
- 34980
- CBSA name
- NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,543
$31,200
$61,800
$93,000
-
$78,000
$154,500
$232,500
