Lobelville

275 S Main St Lobelville, TN 37097

275 S Main St, Lobelville, TN, 37097
Listing is two buildings, one lot. 269 & 275 S Main St.
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FOR SALE
Property Type:
Free Standing Building
Amount:
$329,000
Last Verified:
Nov 04, 2024

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Highlights

  • Two buildings on main road in Downtown Lobelville, TN.
  • Former Gas Station, tanks have been removed.
  • Former restaurant, diner.
  • Ground lease income, (does not include) salon trailer.
  • Potential for multi-use commercial, retail, restaurant, auto repair, etc.

Description

This commercial property is located on the main thoroghfare in downtown Lobelville, TN. at the corner of East 7th Avenue & S. Main Street in the heart of the Lobelville's commercial district surrounded by many other commercial properties from a Piggly Wiggly grocery store to banks, city hall, auto repair shops, churches and other retail. The property consists of two buildings and a rental lot.... the main structure is a brick/block building that used to be a gas station with two auto bays and a retail shop area currently being used as a residential apartment, and a single wide manufactured trailer that has been used as a food diner/restaurant for many years called Hott's BBQ. The owner also collects rental income from another single wide trailer (land space rental only) that the trailer does not go with the property, this is a hair salon business. This property could be used as a restaurant, residential rental, retail space on the main road, or many other comemrcial concepts with city and county approval. Let your imagination dream!

The property is located on the main street in downtown Lobelville, TN. 37097. This is the heart of the commercial district which includes a Piggly Wiggly grocery store across the street as well as other commercial structures from the bank, city hall, auto repair shops, churches and other commercial properties. This property is located on the main drag that takes people to the Duck and Buffalo Rivers which attracts many people in the summer and hunting trails in the fall and early winter months.


Year Built: 1967
Building Size: 3956sq ft
Lot Size: 0.52 acres

Map of 275 S Main St, Lobelville, TN, 37097

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.