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.
| MLS # | 3080175 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1974 |
| Days On Site | 290 |
| Listing Provided By | Benchmark Realty, LLC | Adam Beach |
| SQ Feet | 18,595 |
|---|---|
| Zoning | Commercial |
| Acreage | 1.67 |
| State | TN |
|---|---|
| County | Bedford County |
| City | Shelbyville |
| Zip Code | 37160 |
| Area | Bedford County | TN |
| Listing VS Median (in 37160) | |
Price: $1,430,000 low | high Med: $334,000 sqft: 18,595 low | high Med: 2,494 $ / sqft: $77 low | high Med: $134 On site: 290 low | high Med: 61 | |
| State | TN |
|---|---|
| County | Bedford County |
| City | Shelbyville |
| Zip Code | 37160 |
| Area | Bedford County | TN |
| Listing VS Median (in 37160) | |
Price: $1,430,000 low | high Med: $334,000 sqft: 18,595 low | high Med: 2,494 $ / sqft: $77 low | high Med: $134 On site: 290 low | high Med: 61 | |