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207 University Ave 1,923 SF Office Building Lebanon, TN 37087 $992,059 CAD ($515.89 CAD/SF)
Investment Highlights
- Near Cumberland University
- Rustic Charm
Executive Summary
Built in 1934, this converted bungalow commercial property offers a rare opportunity to acquire a character-rich office building in a strong growth corridor just minutes from Lebanon’s historic downtown square. Currently utilized as a law office, the property is well-suited for continued professional use or repositioning for office, boutique retail, or service-based operations. The layout is efficient and functional for a range of commercial users. The main level includes a reception area, conference room, three private offices, kitchen, full bathroom, and storage. Upstairs provides an additional large conference room, a spacious private office, and a second full bathroom—supporting multi-tenant potential or expanded single-user occupancy. Key advantages include proximity to the downtown square, the new Wilson County courthouse development, Cumberland University, and quick access to I-40, offering strong connectivity and consistent traffic drivers for professional services. A unique combination of historic structure and practical office layout, this asset presents a compelling opportunity for an owner-occupant or investor seeking stable commercial space with long-term repositioning potential in an active and evolving area of Lebanon.
Taxes & Operating Expenses (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$5,029,603
|
$1,491.14
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,029,603
|
$1,491.14
|
Taxes & Operating Expenses (Actual - 2025)
| Taxes (CAD) | |
|---|---|
| Annual | $5,029,603 |
| Annual Per SF | $1,491.14 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $5,029,603 |
| Annual Per SF | $1,491.14 |
Property Facts
Sale Type
Owner User
Property Type
Building Size
1,923 SF
Building Class
C
Year Built
1934
Price
$992,059 CAD
Price Per SF
$515.89 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,923 SF
Building FAR
0.27
Lot Size
0.16 AC
Zoning
CS - Commercial Zoning
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 068E-M-022.00 | Total Assessment | $50,822 CAD |
| Land Assessment | $8,732 CAD | Annual Taxes | $5,029,603 CAD ($2,615.50 CAD/SF) |
| Improvements Assessment | $42,089 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
068E-M-022.00
Land Assessment
$8,732 CAD
Improvements Assessment
$42,089 CAD
Total Assessment
$50,822 CAD
Annual Taxes
$5,029,603 CAD ($2,615.50 CAD/SF)
Tax Year
2025
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207 University Ave
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