$499,000
FOR SALE1701 Dumplin Loop, New Market, TN 37820
New Market, Tn, 37820
MLS #711468
Subdivision: -
Building: 1701 Dumplin Loop
5 Beds
3/1 Baths
74052 sqft
$ 6.74 /sqft
Excellent income-producing mixed-use investment opportunity located at 1701 Dumplin Loop, / 1878 W Dumplin Valley Rd New Market TN 37820. This versatile commercial-zoned property offers two dwellings, multiple rental income streams, and future expansion potential.The first building, originally built in 1950, consists of a commercial retail space and two residential apartments. The commercial space offers approximately 700 square feet with a half bath and has a projected rental income potential of approximately $800 to $1,200 per month.The two residential apartments were completely rebuilt from the ground up in 2022. Each apartment features 1 bedroom, 1 bathroom, refrigerator, stove, washer and dryer hookups, LVP flooring, PEX plumbing, and plywood cabinetry. One apartment also has access to a back deck. Both apartments are currently rented for $800 per month each.The building is serviced by one main HVAC system for all three units, with the third unit also utilizing a portable/window AC unit. The property includes approximately 8 parking spaces.A new HVAC system installed in Summer 2023.The second dwelling is a 2010 Clayton single-wide mobile home offering approximately 1,216 square feet with 3 bedrooms and 2 bathrooms. The home features central heat and air, front and back decking, and a large yard area. The mobile home is currently rented for $800 per month, with estimated market rent potential closer to $1,200 to $1,350 per month. Additional exterior improvements include a new deck installed in Fall 2025.The property also includes a storage trailer and offers possible space for several RV sites, subject to buyer verification and local approval.With commercial zoning, strong existing rental income, major system updates, and future development possibilities, this property presents an outstanding opportunity for investors, business owners, or owner-operators looking for flexible use potential in a growing area.
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Listing Courtesy of: The Cate Group Realty Property Management LLC
