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202 Third Ave W, Carthage, TN 37030

Smith County

Key Facts

9,408Sq Ft
1963Year Built
0.15Lot (acres)

Description

Prime commercial opportunity in the heart of Downtown Carthage! Located directly on the historic square, this rare and versatile commercial building offers endless possibilities for investors, entrepreneurs, and business owners alike. The property is currently divided into three separate business spaces, creating multiple income-producing opportunities under one roof. One side of the building is occupied by a beauty shop, while the other side features a fully operational restaurant. The spacious basement level, formerly home to a successful cabinet and woodworking shop for many years, provides additional commercial space that could easily be reopened or repurposed for a variety of business ventures. Properties of this size and location seldom become available on the Carthage Square. With excellent visibility, high traffic exposure, multiple business spaces, and tremendous potential for rental income or owner-occupied use, this is a unique opportunity to invest in one of Carthage's most desirable commercial locations. Whether you're looking to expand your portfolio or establish a thriving business presence downtown, this property is packed with possibilities.

Property Information

Property Type

Commercial Sale

Sub-Type

Mixed Use

Year Built

1963

Living Area

9,408 sq ft

Lot Size

0.15 acres

Zoning

C-1

MLS® Listing#

3250946

Property Features

Cooling

None

Heating

None

Roof

Membrane

Security

Fire AlarmSmoke Detector(s)

Financial Details

Parcel Number

053D C 03800 000

Directions

I-40 Exit 258, travel north on Hwy 53 to Carthage 5 miles, turn left onto upper Ferry Rd/Main St N, go just past court house and turn left onto Third Ave W, property is located on the corner of Third Ave W & Waster St. See Signs !!!

Affordability Calculator

$199,000

Estimated monthly payment

$5,296/mo

Principal $796,000 · Est. interest $1,110,491 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Carthage, TN

$343,333
Median Listing Price
51
Median Days on Market
2,152
Median Sq Ft
$179
Median Price / Sq Ft
49
Active Listings
  • This home’s price is 190% above the area median.
  • Its price per sq ft is 41% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Carthage, TN.

Location

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Points of Interest in Carthage, TN

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Nearby Homes

Similar Homes Nearby

Similar Home Values

Comparable nearby listings and their asking prices.

AddressPriceBedsBathsSq Ft
39 Cookeville Hwy, Carthage, TN$700,0001,925
57 Lakeside Drive, Carthage, TN$749,929332,650
57 Lakeside Drive, Carthage, TN$749,9292,550
57 Lakeside Dr, Carthage, TN$749,929332,550
7 Shenandoah Cir, Carthage, TN$750,000544,786
110 W Third Ave, Carthage, TN$799,9005,388

Moving Cost Estimate

EXIT Agents in Carthage

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Listing Courtesy: CD Poindexter Realty & Auction - 6154180004

Based on information submitted to the MLS GRID as of 2026-06-25 . 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.

Last Updated: 2026-06-25

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by Realtracs. MLS® Listing#3250946. © 2026EXIT Realty®. All rights reserved.