1 Public Square, Lafayette, TN 37083

$599,900

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List Price
$599,900
Status
ACTIVE
MLS#
3309115
Days on Market
1
Lot Size
13,068
Acres
0.30
County
Macon County

Property Description

Positioned directly on Lafayette Public Square, This versatile property, in a fast growing area, offers roughly 27,000 sq ft of blank canvas ideal for a hotel, storage units, restaurant, retail, office, or other commercial use, with potential for an owner-user to operate a business while generating additional income through leasing or subleasing. Check with city for other potential uses. Located near the police department with public parking directly in front, the property benefits from exceptional visibility and steady traffic surrounding the square. Based on TDOT traffic data, the area attracts approximately 5,100–7,300 vehicles per day - that is an average of roughly 210–305 vehicles per hour over a 24-hour period. With Lafayette experiencing continued population growth and ongoing opportunities for downtown investment and development, this property offers an excellent opportunity to capitalize on the city's long-term commercial potential.

Additional Information

Subtype
Mixed Use
Year Built
1940
Zoning
Commercial
Type
Commercial

Mortgage Calculator

Amount of Loan
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Bernie Gallerani Real Estate.

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