118 N Walnut St
7,200 SF Retail Building Murfreesboro, TN 37130 £1,233,325 (£171.30/SF) 4.50% Net Initial Yield



EXECUTIVE SUMMARY
This 7,200 sq. ft. commercial building in the heart of Murfreesboro’s historic courthouse square district is available for purchase. The property offers great flexibility and could house many different types of businesses inluding restaurant, bar, bakery, retail shop, event space, workshop and many others. The building's split level layout means that one business could occupy the entirety or the space could be easily shared between two separate and unrelated operations. Easy access to I-24, great foot traffic from the square, and very close to the ongoing Town Creek Project, & Historic Bottoms across Broad St. A great opportunity for any business owner who wants to be in the thriving Central Business District (CBD) of one of the fastest growing communities in the state. The front of the building on Walnut St features a short landing from street level and a wheelchair lift for ADA compliance; two roll-up retractable windows to take advantage of pleasant weather; and a rollup door at street level for drive-in loading and unloading. The building also has a door at the rear which provides access to an alleyway. Rustic wood finishes, exposed brick and stone, and many other architectural and design details will provide a fantastic experience for customers.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,200 SF
Building Class
C
Year Built/Renovated
1900/2017
Price
£1,233,325
Price Per SF
£171.30
Net Initial Yield
4.50%
NOI
£55,500
Tenancy
Single
Number of Floors
1
Building FAR
1.03
Lot Size
0.16 AC
Zoning
CBD (Cntrl Bus. District) - The Murfreesboro zoning ordinance calls for uses within the CBD zoning district that reinforce the vitality of the area as a residential and employmen
Parking
5 Spaces (0.69 Spaces per 1,000 SF Leased)
Frontage
48 ft on N Walnut St
AMENITIES
- Wheelchair Accessible
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Simply Pure Sweets
- Manufacturing
- -
- -
- -
- William Daniel McGhee
- -
- -
- -
- -
TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
Simply Pure Sweets | Manufacturing | - | - | - | ||
William Daniel McGhee | - | - | - | - |
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS









