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875 Union St 19,642 SF 100% Leased Retail Building Shelbyville, TN 37160 $1,600,000 ($81.46/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
$1,600,000
Price Per SF
$81.46
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
Amenities
- 24 Hour Access
- Air Conditioning
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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