Active · MLS#: RTC3512631
$200,000
111 S Wilson Ave, S
Brownsville, TN 38012
About this home
Prime Downtown Brownsville Investment Opportunity! Welcome to this versatile 5,847 sq ft commercial building located in the heart of Brownsville’s historic district. This property features three spacious units, with two of the spaces currently leased and generating steady income. The flexible floor plan is ideal for a variety of uses, including retail, office, or service businesses. Key Features: • Three separate units with private entrances—perfect for multiple tenants or owner-occupant use. • Two units leased with a combined monthly rental income of $1,150 making the current cap rate to be an estimated 2.15%; third larger unit ready for immediate lease. At full capacity, the property has the potential to achieve an estimated 8% (+) cap rate based on projected rental income, offering solid income potential for investors seeking increased cash flow. • Ample street parking and excellent visibility on a well-traveled downtown avenue. • Central HVAC and a solid brick construction with classic architectural details • Recent Upgrades: • New Roof (2024): Enjoy peace of mind with a newly replaced roof, ensuring durability and reduced maintenance costs. • Additional Structure Update (2026): The structure added to the back of Unit 107 has been modernized, adding value and functionality. • Potential for value-add: Lease the vacant suite or update interiors to increase rental income and property value. • Walking distance to Brownsville’s courthouse square, restaurants, shops, and community services. • Investment Highlights: • Income-producing with upside potential • Flexible zoning for a variety of commercial uses • Prime location in a growing community • Excellent value-add investment opportunity Located in a thriving area, this property is perfect for investors looking to expand their portfolio with a mix of leased and leasable spaces. Don't miss out on this unique opportunity to own a versatile property with immediate income potential. Schedule your private tour today.
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Property facts
- Bedrooms
- —
- Bathrooms
- —
- Square feet
- —
- Lot acres
- —
- Year built
- 1943
- Garage spaces
- —
- Property type
- Office
- County
- Haywood County, TN
Location
Homes nearby
Listed by Epique Realty · MLS#: RTC3512631 · Status: Active
Listings courtesy of RealTracs as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 8/13/2026, 7:13:00 PM CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID.
