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738 Nissan Dr
Smyrna, TN 37167
Office Property For Sale


Investment Highlights
- BRAND NEW ROOF
- FLEXIBILITY TO CONTINUE RECEIVING RENTAL INCOME OR, IF PREFERRED, TERMINATE CURRENT TENANCY
- DETACHED HEATED/COOLED STRUCTURE FOR EXTRA WORKSPACE OR TENANT
- 95.7 ft of PRIME, HIGH TRAFFIC FRONTAGE on a MAJOR COMMERCIAL CORRIDOR! (27,188 Average Annual Daily Traffic)
- FULL WORKING KITCHEN AND APPLIANCES FOR BREAKROOM
- 20+ parking spaces (5 concrete front spaces and 15+ on gravel lot in gated parking area)
Executive Summary
Don't miss this rare entry-level mixed-use, professional office asset with immediate income potential. One portion of the property is currently leased, generating $2,000 per month in rental income. The remaining office space and detached outbuilding are perfect for owner occupancy or additional leasing. Best of all, you retain the flexibility to terminate the lease and occupy the entire property to fulfill your custom business/professional needs. The C2 zoning is ideal for service businesses, medical, professional offices, or investors seeking both income and flexibility. This opportunity should be seriously considered for owner-users, investors, or future redevelopment/planned commercial development, subject to local approvals. This property touts .38 acre which can be expanded to .56 acre with an easily obtainable right-of-way vacation reversion, full working kitchen and appliances/break room, 3 bedrooms/office spaces plus 2 additional office/ reception spaces, 1.5 bathrooms, a BRAND NEW ROOF, a 400 sq ft detached building with heating/cooling and electric, AUTOMATIC INCOME, and 95.7 ft of PRIME, HIGH TRAFFIC FRONTAGE on a MAJOR COMMERCIAL CORRIDOR (27,188 Average Annual Daily Traffic)! The existing tenant lease provides the purchaser the flexibility to continue receiving rental income or, if preferred, terminate the tenancy with a 30-day notice following the sale in accordance with the lease agreement.
The sale is subject to buyer’s 1031 exchange cooperation. Seller would consider removal of the detached structure by agreement if a buyer prefers additional open site/parking area. Light pole can be removed from front yard by Middle Tennessee Electric for a fee based on most recent inquiry. All zoning restrictions to be verified by buyer and buyer's agent. All information is deemed accurate but must be verified by Buyer and Buyer's agent.
Special Terms: The existing tenant lease provides the purchaser the flexibility to continue receiving rental income or, if preferred, terminate the tenancy with a 30-day notice following the sale in accordance with the lease agreement.
The sale is subject to buyer’s 1031 exchange cooperation. Seller would consider removal of the detached structure by agreement if a buyer prefers additional open site/parking area. Light pole can be removed from front yard by Middle Tennessee Electric for a fee based on most recent inquiry. All zoning restrictions to be verified by buyer and buyer's agent. All information is deemed accurate but must be verified by Buyer and Buyer's agent.
Special Terms: The existing tenant lease provides the purchaser the flexibility to continue receiving rental income or, if preferred, terminate the tenancy with a 30-day notice following the sale in accordance with the lease agreement.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Building Size
1,425 SF
Building Class
B
Year Built
1980
Price
$524,900
Price Per SF
$368.35
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
1,425 SF
Building FAR
0.09
Lot Size
0.38 AC
Zoning
C-2
Parking
20 Spaces (14.04 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 027N-B-026.00-000 | Improvements Assessment | $48,120 |
| Land Assessment | $52,960 | Total Assessment | $101,080 |
Property Taxes
Parcel Number
027N-B-026.00-000
Land Assessment
$52,960
Improvements Assessment
$48,120
Total Assessment
$101,080
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