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Listed by Adam Beach • Benchmark Realty, LLC
$ 1,700,000
Est. payment | /mo
18,595 SqFt
$ 1,700,000
Est. payment | /mo
18,595 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 18,595 sqft
Price per Sqft $91
MLS Listing ID 3080175
Year Built 1974
Lot Size 1.670 Acres
Acres 1.67
Property Sub-Type Retail
Property Description
Retail investment opportunity in the heart of Shelbyville, TN. This well-located retail building is fully occupied*, with the exception of a **4,388 SF storage space** situated at the rear of the property, offering immediate upside through lease-up or alternative use.
The property is supported by a stable existing tenant base and has recently benefited from a **brand new roof**, reducing near-term capital expenditure concerns and enhancing long-term asset durability.
A key highlight of this property is the **significant opportunity for rent growth**. Current rents remain below market, providing investors with a clear path to **rent improvement** through renewals, repositioning, or future leasing strategies. Combined with the vacant storage component, this asset offers both **in-place cash flow and value-add potential**.
Strategically positioned along Union Street, the property enjoys strong visibility and convenient access to Shelbyville's commercial corridors, making it an attractive long-term hold for investors seeking stable income with upside.
The property is supported by a stable existing tenant base and has recently benefited from a **brand new roof**, reducing near-term capital expenditure concerns and enhancing long-term asset durability.
A key highlight of this property is the **significant opportunity for rent growth**. Current rents remain below market, providing investors with a clear path to **rent improvement** through renewals, repositioning, or future leasing strategies. Combined with the vacant storage component, this asset offers both **in-place cash flow and value-add potential**.
Strategically positioned along Union Street, the property enjoys strong visibility and convenient access to Shelbyville's commercial corridors, making it an attractive long-term hold for investors seeking stable income with upside.
Location
State TN
County Bedford County
Zoning Commercial
Interior
Fireplace N
Others
Special Listing Condition Standard
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2223 NW Broad St Suite E, Murfreesboro, Tennessee, 37129, USA