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31132861

300 Nicholas Long Dr, Columbia, TN 38401 For Sale

RH
TN 298812
The Hines Group
Listed by The Hines Group
$1,200,000
122 days on market
Updated 74 days ago

0 Nicholas Long Drive

Details
APN 113D K 005.00
Property Type Land, Mixed Use (+3)
Sub Type Bank, Day Care/Nursery (+1)
Cap Rate 7.83%
NOI $93,986
Price Per Acre $983,607
Broker Co-Op Yes
Class B
Year Built 0000
Acreage 1.220
Zoning SD-LI
Investment Type Redevelopment
Sale Condition For sale by owner

Land | 1.22 acres

Marketing description

This parcel provides the new owner with two opportunities....

First, to own a premium parcel of land with great visibility from South James Campbell Boulevard, one of the busiest streets in Columbia,,,,and the premier business thoroughfare in the city.

The Second opportunity is to own your very own Mobile Home Park. This investment opportunity includes lots, 300, 301, 302, 303, 304, 305, 306, 307, 308, 309, and 311. The 2025 Income and Expense Statement revealed a 7.8% CAP Rate.

This SD-LI Zoning District is intended to provide space for a wide range of wholesale trade, warehousing of a wide variety of products or materials, manufacturing processes, and industrial and related uses that conform to a high level of performance criteria and have few objectionable characteristics. New Residential Development, Commercial establishments,Retail establishments, personal service uses, and community facilities and utilities, are permitted, as well as additional uses that provide needed complementary services or are necessary for the general community welfare. SD-LI is an appropriate District for Technology Employment Center Future Land Use Character Area described in the Comprehensive Plan

Listing Contacts

RH
TN 298812
The Hines Group
Listed by The Hines Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$93,986.00
$7,832.17/mo

Valuation Metrics

0
DSCR
7.83%
Cap Rate
7.83%
ROI

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