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875 Union St 19,642 SF 100% Leased Retail Building Shelbyville, TN 37160 $1,700,000 ($86.55/SF)
EXECUTIVE SUMMARY
Retail investment opportunity in the heart of Shelbyville, TN. This well-located retail building is fully occupied*, with the exception of a **4,388 SF storage space** situated at the rear of the property, offering immediate upside through lease-up or alternative use. The property is supported by a stable existing tenant base and has recently benefited from a **brand new roof**, reducing near-term capital expenditure concerns and enhancing long-term asset durability. A key highlight of this property is the **significant opportunity for rent growth**. Current rents remain below market, providing investors with a clear path to **rent improvement** through renewals, repositioning, or future leasing strategies. Combined with the vacant storage component, this asset offers both **in-place cash flow and value-add potential**. Strategically positioned along Union Street, the property enjoys strong visibility and convenient access to Shelbyville’s commercial corridors, making it an attractive long-term hold for investors seeking stable income with upside.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
19,642 SF
Building Class
C
Year Built/Renovated
1974/2007
Price
$1,700,000
Price Per SF
$86.55
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.27
Lot Size
1.67 AC
Zoning
C2 Highway Service
Parking
25 Spaces (1.27 Spaces per 1,000 SF Leased)
Frontage
320’ on Union St
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Definite wellness
- Professional, Scientific, and Technical Services
- -
- -
-
Jan 0000
- Elite Health
- Professional, Scientific, and Technical Services
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Definite wellness | Professional, Scientific, and Technical Services | - | - | Jan 0000 | ||
| Elite Health | Professional, Scientific, and Technical Services | 99,999 SF | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 079L-C-003.00 | Improvements Assessment | $232,280 |
| Land Assessment | $52,360 | Total Assessment | $284,640 |
PROPERTY TAXES
Parcel Number
079L-C-003.00
Land Assessment
$52,360
Improvements Assessment
$232,280
Total Assessment
$284,640
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875 Union St
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