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658 N Broadway 1,632 SF Retail Building Portland, TN 37148 $444,626 CAD ($272.44 CAD/SF) 7.39% Cap Rate



Investment Highlights
- Heavy daily traffic
Executive Summary
High-visibility corner lot with exceptional traffic exposure along N Broadway/Hwy 109. This well-positioned property is currently leased through January 2028 to Scotty’s Contracting & Stone, LLC, offering immediate and reliable income for investors. The site features great accessibility with two separate entrances, one from Hwy 109 and one from Oak Hill, along with abundant parking and a zero-step front entry with garage access. The prominent corner location provides excellent signage potential and strong daily drive-by traffic. Inside, the upper level offers approximately 1,632 square feet of open, flexible space, complete with two restrooms, fresh paint, and new flooring throughout. An unfinished basement adds valuable storage or future use potential. Major exterior updates include a roof and gutters less than nine years old. A turnkey investment opportunity.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,632 SF
Building Class
C
Year Built
1967
Price
$444,626 CAD
Price Per SF
$272.44 CAD
Cap Rate
7.39%
NOI
$32,844 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.81 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial listing. The zoning for this property is set to the most general commercial zoning Portland offers. It has been utilized as retail/office
Parking
10 Spaces (6.13 Spaces per 1,000 SF Leased)
Frontage
255’ on Hwy 109 (N Broadway)
Amenities
- Corner Lot
- Fireplace
- Storage Space
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Scotty's Construction
- Construction
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Scotty's Construction | Construction | - | $9.99 | Lorem Ipsum | Jan 0000 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 019-108.00 | Improvements Assessment | $117,527 CAD |
| Land Assessment | $179,766 CAD | Total Assessment | $297,293 CAD |
Property Taxes
Parcel Number
019-108.00
Land Assessment
$179,766 CAD
Improvements Assessment
$117,527 CAD
Total Assessment
$297,293 CAD
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658 N Broadway
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