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.
| MLS # | 3309115 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1940 |
| Days On Site | 76 |
| Listing Provided By | Bernie Gallerani Real Estate | Bernie Gallerani |
| SQ Feet | 18,480 |
|---|---|
| Zoning | Commercial |
| Acreage | 0.30 |
| State | TN |
|---|---|
| County | Macon County |
| City | Lafayette |
| Zip Code | 37083 |
| Area | Macon County | TN |
| Listing VS Median (in 37083) | |
Price: $599,900 low | high Med: $315,000 sqft: 18,480 low | high Med: 1,892 $ / sqft: $32 low | high Med: $166 On site: 76 low | high Med: 12 | |
| State | TN |
|---|---|
| County | Macon County |
| City | Lafayette |
| Zip Code | 37083 |
| Area | Macon County | TN |
| Listing VS Median (in 37083) | |
Price: $599,900 low | high Med: $315,000 sqft: 18,480 low | high Med: 1,892 $ / sqft: $32 low | high Med: $166 On site: 76 low | high Med: 12 | |