207 University Ave, Lebanon, TN 37087
Wilson County
Key Facts
Description
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Office
Year Built
1934
Living Area
1,923 sq ft
Lot Size
0.17 acres
Zoning
CS
Days on Market
30
MLS® Listing#
3225716
Property Features
Cooling
Heating
Security
Financial Details
Parcel Number
068E M 02200 000
Directions
I-40 to exit 238 follow 231 North to Left on Newby Street, Right on S Maple and Left on University. Building on Right.
Affordability Calculator
$139,980
Estimated monthly payment
$3,725/mo
Principal $559,920 · Est. interest $781,138 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lebanon, TN
- $520,707
- Median Listing Price
- 39
- Median Days on Market
- 2,313
- Median Sq Ft
- $222
- Median Price / Sq Ft
- 546
- Active Listings
- This home’s price is 34% above the area median.
- Its price per sq ft is 64% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lebanon, TN.
Location
Points of Interest in Lebanon, TN
Showing the Lebanon area map.
Nearby Schools
Cedars Preparatory Academy
School · 0.4 mi away
Wilson County Adult High School
Secondary · 0.5 mi away
Lebanon Special School District
School · 0.9 mi away
Lebanon Special Education
School · 1.0 mi away
Coles Ferry Elementary School
Elementary · 1.1 mi away
Walter J. Baird Middle School
Secondary · 1.2 mi away
Byars Dowdy Elementary
Elementary · 1.3 mi away
Winfree Bryant Middle School
Secondary · 1.5 mi away
Castle Heights Elementary School
Elementary · 1.5 mi away
Sam Houston Elementary School
Elementary · 1.6 mi away
Lebanon High School
Secondary · 2.2 mi away
Jones Brummett Elementary School
Elementary · 2.3 mi away
Southside Elementary School
Elementary · 2.4 mi away
Carroll Oakland Elementary School
Elementary · 5.1 mi away
Tuckers Crossroads Elementary
Elementary · 6.6 mi away
Wilson Central High School
Secondary · 7.4 mi away
Gladeville Elementary School
Elementary · 9.5 mi away
Gladeville Middle School
Secondary · 9.7 mi away
Happy Place Preschool
School · 10.4 mi away
West Elementary School
Elementary · 10.5 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3480 Hickory Ridge Rd, Lebanon, TN | $489,990 | 3 | 3 | 2,449 |
| 114 Longwood Drive, Lebanon, TN | $489,990 | 4 | 3 | 2,476 |
| 1108 Marys Pl E, Lebanon, TN | $490,000 | 3 | 2 | 2,383 |
| 842 Averitt Lane, Lebanon, TN | $492,990 | 5 | 4 | 3,271 |
| 1614 Shady Cir, Lebanon, TN | $499,000 | 4 | 3 | 2,169 |
| 209 Academy Rd, Lebanon, TN | $499,899 | 3 | 2 | 1,700 |
Moving Cost Estimate
EXIT Agents in Lebanon
Listing Courtesy: Benchmark Realty, LLC - 6158383662
Last Updated: 2026-05-27