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Listed by Melissa Pacco • Baker Group Realty
$500,000
Est. payment /mo
2,912 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,912 sqft
Price per Sqft $171
MLS Listing ID 3132889
Year Built 1930
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Mixed Use
Property Description
INVESTMENT OPPORTUNITY | DOWNTOWN PULASKI! 211 N 1st St offers a rare opportunity to acquire a fully leased mixed-use property with two established income streams and 2-year leases in place.
The restored street-level retail space is leased at $1,500/month and features exposed brick, beautiful tin tile ceilings, storefront windows, storage and a private bathroom.
The refreshed upper-level 3BR/2BA apartment is leased at $1,800/month, including utilities. Both leases commenced March 1, 2026, providing a combined scheduled rental income of $39,600 annually. At the new $500,000 asking price, the property offers a 7.92% gross rent yield before operating expenses.
A compelling opportunity for an investor seeking an income-producing downtown asset with historic character and established tenancy!
The restored street-level retail space is leased at $1,500/month and features exposed brick, beautiful tin tile ceilings, storefront windows, storage and a private bathroom.
The refreshed upper-level 3BR/2BA apartment is leased at $1,800/month, including utilities. Both leases commenced March 1, 2026, providing a combined scheduled rental income of $39,600 annually. At the new $500,000 asking price, the property offers a 7.92% gross rent yield before operating expenses.
A compelling opportunity for an investor seeking an income-producing downtown asset with historic character and established tenancy!
Location
State TN
County Giles County
Zoning Mixed-Use
Interior
Fireplace N
Others
Special Listing Condition Standard
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George Scott
Agent | License ID: TN License #: 377474
Agent License ID: TN License #: 377474
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