862 Broad St, Lexington, TN 38351-2206
This exceptional retail property, located at 862 South Broad Street in Lexington, Tennessee, presents a unique investment opportunity. The building boasts 1,248 square feet of versatile commercial space, ideal for a variety of retail businesses. Its prime location on South Broad Street ensures high visibility and accessibility, benefiting from significant daily traffic flow. The property sits on a generous 5.13-acre lot, offering ample space for expansion, additional parking, or outdoor displays. The asking price is $750,000, representing a compelling value for a property of this size and location in a growing market. The building's existing structure provides a solid foundation for immediate occupancy, allowing for a quick start to operations. The substantial lot size offers significant potential for future development or expansion, catering to the needs of a growing business. This property is well-suited for entrepreneurs seeking a prominent location to establish or expand their retail presence. Its strategic positioning and generous land area make it an attractive investment opportunity with considerable long-term potential. The combination of a desirable location, ample space, and competitive pricing makes this property a truly exceptional offering in the Lexington, Tennessee market. Serious inquiries are encouraged to explore this promising investment opportunity further.
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Green Thumb Nursery & Florist (Bike/Boat/Book/etc) Store Florist
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
B2 · Lexington, TNLexington. Always verify with local authorities before improvements.
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.