512 6th Ave 1,271 SF 100% Leased Retail Building Columbia, TN 38401 $500,000 ($393.39/SF) 8.70% Cap Rate

Commercial properties rarely offer this much flexibility for an owner-operator. Located in Columbia’s historic Riverside neighborhood, 512–514 6th Ave is a 1,271-square-foot commercial property offering an opportunity to own, operate, and generate supplemental income from multiple uses within one property.
The existing layout is currently configured for salon use with five styling stations, three shampoo stations, a full bath, and established salon infrastructure. A separate private-entry office suite with an additional half bath provides flexible space for beauty, wellness, creative, or professional office uses.
The property also includes an outdoor utility area with an existing electrical hookup, creating potential for additional activation such as a food truck or complementary outdoor business use, subject to buyer verification of zoning, permitting, and utility requirements.
An illustrative pro forma based on five chair rentals at $150 per week, $800 per month for the private office, and $500 per month for the outdoor pad produces potential gross income of $54,600 annually and illustrative NOI of approximately $43,492 after operating expenses, a 5% vacancy allowance, and maintenance reserve. At the $500,000 asking price, this represents an illustrative stabilized cap rate of approximately 8.7%.
Seller financing of up to $200,000 may be available for qualified buyers, providing additional flexibility in structuring the purchase. Terms and availability are subject to seller approval and lender requirements.
With existing infrastructure, multiple potential income streams, and the ability to further improve the property cosmetically, 512–514 6th Ave offers an approachable opportunity for an entrepreneur, owner-operator, or investor seeking a flexible commercial asset near downtown Columbia.
Financial projections are illustrative only. Buyers should independently verify income, expenses, permitted uses, financing terms, and investment assumptions.