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209 East 6th Street
Columbia, TN 38401
Asking Price
Contact for price
Asset Type
Land
Class
Class B
What's Special
<p>• One of the last downtown infill development sites in Columbia —</p><p>scarcity that cannot be replicated</p><p>• The only downtown site with permanent Duck River frontage —</p><p>an unobstructed view corridor to protected public parkland</p><p>• CD-5 zoning — 5 stories by right, no FAR cap, no rezoning</p><p>required for any contemplated use</p><p>• Directly across E. 6th from The Drake (293 units, under</p><p>construction) — a built-in residential base at delivery</p><p></p><p>• One block
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
