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216 E Commerce St

1.67 Acres of Commercial Land Offered at $798,000 in Waverly, TN 37185

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Investment Highlights

SELLER FINANCING AVAILABLE!!
Features surfaces covered with black asphalt millings
The adjacent gas main and proximity to a fire hydrant add further adds value and practicality

Pad ready for immediate developmental potential
With City Water and other utility mains beneath Commerce Street, the lot offers convenience and ease of connection
Building site has been raised above the flood elevation benchmarks; waiting on FEMA to redraw the maps

Executive Summary

SELLER FINANCING AVAILABLE! This property presents a remarkable investment opportunity at a vibrant intersection in the City of Waverly Tennessee. It is pad-ready for Immediate Development and features the surface covered with black asphalt millings. With city water and other utility mains beneath Commerce Street, the lot offers convenience and ease of connection; The adjacent gas main and proximity to a fire hydrant add further value and practicality; This excellent location had a successful Farm/Feed/U-Haul business for over 3 decades; Buyer can possibly get a 3 story apt bldg or town homes approved for these sites (see applicable zoning documents uploaded); Building site has been raised above the flood elevation benchmark and waiting on FEMA to redraw the maps.

Waverly Zoning Ordinance Pages

216 E Commerce St/Topographic Survey 1/18/24

Property Facts

Price	$798,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Retail Auto Dealership Bowling Alley Carwash Convenience Store Drugstore Fast Food Restaurant Self Storage Service Station Storefront
No. Lots	1	Total Lot Size	1.67 AC
Property Type	Land

Price	$798,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Auto Dealership Bowling Alley Carwash Convenience Store Drugstore Fast Food Restaurant Self Storage Service Station Storefront
Total Lot Size	1.67 AC

1 Lot Available

Lot

Price	$798,000	Lot Size	1.67 AC
Price Per AC	$477,844

Price	$798,000
Price Per AC	$477,844
Lot Size	1.67 AC

Prime commercial corner lot encompassing 1.67 acres with approximately 300 ft of road frontage on E. Commerce St and N. Cooley Ave Situated near the intersection of N. Cooley Ave and Hwy 70 west traffic light, the lot provides unparalleled visibility

Description

It is pad-ready for Immediate Development and features the surface covered with black asphalt millings. With city water and other utility mains beneath Commerce Street, the lot offers convenience and ease of connection; The adjacent gas main and proximity to a fire hydrant add further value and practicality;