2551 N. Central Ave Humboldt, TN 38343
GREAT LOCATION OFFERS THE OPPORTUNITY FOR SUCCESS
16,440 SQ FT BUILDINGS IDEAL FOR OWNER OCCUPIER WHO'S LOOKING FOR A PRIME LOCATION NEXT TO ESTABLISHED AND WELL KNOWN BUSINESSES OR AN INVESTOR LOOKING FOR A PROEPRTY THAT WILL COMMAND A PREMIUM RENT TO BE RENTED OUT TO AN ESTABLISHED OPERATION
16,440 sq ft Retail commercial building on the main street in a busy Downtown location on 18,731 sq ft lot.
Prime location right next to McDonalds, Walmart, Subway, Hardees, Wendy's , Goodys, Fred's Store, Dollar General and other established retailers.
Former Bowl America bowling lanes in Humboldt .The property was a 16-lane bowling alley with a snack bar and kitchen. There are three offices, several rooms and plenty of storage in the building. Lanes and most of the equipment have been removed. Property needs a rehab but offers great opportunity for conversion to retail, restaurant, bar , nightclub or other uses.
Ideal for an owner to rehab and get ready for leasing at a premium to one of the main retailers or restaurants (or similar operators). The location will attract one of the major and well-known and established retailers, or franchises and will command a premium rent.
Great Location:
Humboldt is a vibrant community in western Tennessee. The city is located about 18 miles from Jackson and about halfway between Memphis and Nashville. The property is located on a main busy road in Downtown Humboldt. It is located near several restaurants and retail stores including McDonalds, Subway, Wendy's, Hardees, Wal-Mart, and other heavily trafficked establishments.
It is conveniently located in downtown Humboldt just off the intersection of US Hwy 45 and US Hwy 79 & 70A with easy entrance and exit off highway. Being located on N Central Street which is a busy main and wide road, the property has with very good accessibility and visibility.
The property is located in a busy major retail in area on a commercial street with many established retailers and services that include:
Restaurants
McDonalds, Walmart, Subway, Hardees, Wendy's , Goodys, Fre's Pharmacy, Dollar General, El Palenque, Wall Street Grill, Dragon Buffet Chinese Restaurant, Sunset Diner, Taco Bell, Sweetpitsbbq, Sonic Drive-In, Pizza Hut, Domino's Pizza, Emery Burger Barn Market & Soul Food , LA FIESTA MEXICAN RESTAURANT, Davis Fish & Wings, My Place, See's Bar-B-Q, Sila's Spoon Cafe & Catering, Daddy's Kitchen Table
Bars
Sip of Suds
Groceries
Walmart Supercenter, Town & Country Food Center, Con Agra Foods Inc, Central Market, Mid-Town Grocery,F lash Market, Los Amigos
Parks
Bailey Park
Schools
Humboldt High School, Humboldt Middle School, East Elementary School, Stigall Primary School
Shopping
Cato,Goody's,Hibbett Sports,Jana's Boutique,Cato Fashions,Peppermint Pony
Entertainment
Hattiloo Theater, West Tn Regional Art Center, Locust St Summer Festival Riverwest, WI, Humboldt Plaza
Errands
Walmart Pharmacy, Fred's Store, Walgreens Pharmacy, B R Supply Co, HCI SUPPLY OF HUMBOLDT, Fred's pharmacy, Regions Bank, Michelle D. Blanton, DPH, L B Mc Claren Pharmacists, Bancorp South
Demographics (within 3 miles):
Population
2015 Total Daytime Population 10,908
2015 Total Population: 9,546
2015 White alone 55.05%
2015 Black /African American alone 41.48%
Income
Average 2015 Household Income: $47,520
Low crime area (Trulia.com)
Huge potential for this 16,440 sq ft Retail commercial building:
Comparables for sale
1506 N Central Ave, Humboldt, TN 38343 · 9,000 SF · Retail For Sale- $1,333,000
Comparables (SOLD):
2590 N Central Ave, Humboldt, TN 38343. 3,255 sq ft. Retail- $1,960,000- SOLD 6/30/2014
Real Estate Taxes:
Gibson County TN, Parcel number 165I C 01501 000165J
Current total yearly taxes: $4,511
PROPERTY IS SOLD AS IS, WHERE IS- No Back Taxes or Liens-
Winning bidder must contact the seller within 24 Hours after the close of the auction with full details of the buyer.
NO DOCUMENT FEE AND NO BUYER AUCTION PREMIUM
Title insurance available.
10% non-refundable deposit is due within 48 hours of auction close.
Final Payment to be made within 3 weeks of the Auction close.
All bidders to do their own due diligence. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase the property.
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