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503-505 N Broadway 4,200 SF Retail Building Portland, TN 37148 $500,000 ($119.05/SF)
Investment Highlights
- Heavy daytime traffic
- Ample parking
- Flexible floor plan
Executive Summary
This ±4,200 SF freestanding commercial building presents an excellent opportunity for an owner-user or investor seeking a highly visible location. Previously occupied by a retail business, the property offers a flexible floor plan suitable for a variety of commercial uses (subject to zoning). Located less than one mile from Downtown Portland's Main Street, the property benefits from exceptional accessibility and exposure to approximately 21,124 vehicles per day (AADT), providing outstanding visibility for businesses seeking a strong presence in a growing commercial corridor.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,200 SF
Building Class
B
Year Built
1974
Price
$500,000
Price Per SF
$119.05
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.46 AC
Opportunity Zone
Yes
Zoning
GCS
Parking
15 Spaces (3.08 Spaces per 1,000 SF Leased)
Frontage
100’ on N. Broadway
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 033A-B-003.00 | Improvements Assessment | $62,920 |
| Land Assessment | $145,600 | Total Assessment | $208,520 |
Property Taxes
Parcel Number
033A-B-003.00
Land Assessment
$145,600
Improvements Assessment
$62,920
Total Assessment
$208,520
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503-505 N Broadway
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