107 S Wilson Ave Brownsville, TN 38012
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,847 sqft
Price per Sqft $34
MLS Listing ID 3282588
Year Built 1943
Property Sub-Type Mixed Use
Property Description
Welcome to this versatile 5,847 sq ft commercial building located in the heart of Brownsville's historic district. This property features three spacious units, with two of the spaces currently leased and generating steady income. The flexible floor plan is ideal for a variety of uses, including retail, office, or service businesses.
Key Features:
• Three separate units with private entrances—perfect for multiple tenants or owner-occupant use.
• Two units leased with a combined monthly rental income of $1,150 making the current cap rate to be an estimated 2.15%; third larger unit ready for immediate lease. At full capacity, the property has the potential to achieve an estimated 8% (+) cap rate based on projected rental income, offering solid income potential for investors seeking increased cash flow.
• Ample street parking and excellent visibility on a well-traveled downtown avenue.
• Central HVAC and a solid brick construction with classic architectural details
• Recent Upgrades:
• New Roof (2024): Enjoy peace of mind with a newly replaced roof, ensuring durability and reduced maintenance costs.
• Additional Structure Update (2026): The structure added to the back of Unit 107 has been modernized, adding value and functionality.
• Potential for value-add: Lease the vacant suite or update interiors to increase rental income and property value.
• Walking distance to Brownsville's courthouse square, restaurants, shops, and community services.
• Investment Highlights:
• Income-producing with upside potential
• Flexible zoning for a variety of commercial uses
• Prime location in a growing community
• Excellent value-add investment opportunity
Located in a thriving area, this property is perfect for investors looking to expand their portfolio with a mix of leased and leasable spaces. Don't miss out on this unique opportunity to own a versatile property with immediate income potential. Schedule your private tour today.
Location
State TN
County Haywood County
Zoning Commercial
Interior
Fireplace N
Exterior
Roof Type Shingle
Others
Special Listing Condition Standard
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