5213 Austin Peay Hwy Westmoreland, TN 37186
2,761 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,761 sqft
Price per Sqft $35
MLS Listing ID 3247718
Year Built 1950
Property Sub-Type Mixed Use
Property Description
Don't miss this rare opportunity to acquire a recently renovated, income-producing property in a prime downtown location. Major capital improvements have already been completed, including two HVAC units, and all new flooring, significantly reducing future maintenance expenses.
This versatile property features three separate 2-bedroom, 1-bath units, offering multiple investment strategies. Currently, 1 of the 3 units are leased and generating income, while the other two units are undergoing a full renovation and presents the opportunity to add approximately $2400+ per month in additional rental income.
Zoned Commercial, this property offers tremendous flexibility for investors and owner-users alike. Continue operating as residential rentals, convert units to professional offices, retail space, service businesses, or create a mixed-use investment. The existing 2-bedroom layout with kitchen could easily serve as office space, a boutique storefront, salon, studio, or other commercial use.
Positioned in the heart of downtown and directly across from established businesses, the property benefits from excellent visibility, significant road frontage, and strong future growth potential.
Highlights Include:
Each unit has their own utility meters
3 units, each offering 2 bedrooms and 1 bathroom
1 units currently leased and cash flowing
Value-add opportunity through 2 units fully renovated
New roof
Two new HVAC systems
New flooring throughout
Commercial zoning with multiple use possibilities
Excellent downtown location
Strong road frontage and visibility
Ideal for investors, business owners, or mixed-use development
Whether you're looking to expand your rental portfolio, establish a commercial presence, or capitalize on a flexible mixed-use investment, this property offers immediate income with significant upside potential.
Location
State TN
County Sumner County
Zoning Commercial
Interior
Fireplace N
Exterior
Roof Type Metal
Others
Special Listing Condition Owner Agent
Nearby Locations
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