Property profile

960 Hwy 77 Newbern, TN 38059

OFF-MARKET
Auto shops
Property ID
US80-1036066
14,700 SF 5 ac lot Built 1977
Individually Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 960 E Highway 77 in Newbern, Tennessee, presents a unique investment opportunity. Boasting a substantial 14,700 square feet of space, this versatile property sits on a generous 5-acre lot, offering ample room for expansion or future development. The property's mixed-use zoning allows for a variety of commercial and potentially residential applications, making it ideal for entrepreneurs seeking a prominent location with significant potential. Its strategic positioning on Highway 77 ensures high visibility and convenient access for customers and employees. The substantial square footage provides flexibility for diverse business ventures, from retail and office spaces to light industrial uses, or a combination thereof. The expansive acreage offers significant parking and potential for outdoor activities or additional structures. The asking price of $599,900 represents a compelling value for a property of this size and potential in a growing Tennessee market. Serious inquiries are encouraged to explore the possibilities this property offers. Detailed property information and zoning regulations are available upon request. This is a rare opportunity to acquire a significant commercial property in a desirable location. Don't miss out on this chance to establish your business in a thriving community.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1977
Construction FRAME
Total area 14,700 SF
Lot 5 ac (217,800 SF)
Zoning code I1
APN 023047 05001
UPID US80-1036066

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

960 Hwy 77 Newbern, TN 38059-1194
Newbern metro Census 964001 DYERSBURG, TN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$170k

Owner & transaction history

since 2022
3 recorded transactions
2022
Price N/A
2004
Price N/A
1991
$68,400

Zoning & alternative use

I1 · Newbern, TN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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