For Sale
$4,600,000

1360 1St AveBaxter, TN 38544

45 Acres, High-Visibility I-40 Location

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 45-acre commercial land parcel boasts over 2,700 feet of high-visibility frontage along Interstate 40 in Baxter, Tennessee. Located less than half a mile north of the I-40/SR 56 interchange at Exit 280, this property offers unparalleled access and exposure to a high volume of traffic. The site is zoned C-2 General Commercial, allowing for a wide range of development opportunities. The terrain is primarily flat to rolling, making it ideal for construction. This prime location is situated within a Qualified Opportunity Zone (QOZ), presenting significant tax advantages for investors. The property's strategic position benefits from an average annual daily traffic count exceeding 49,544 vehicles at the nearby interchange. Furthermore, a substantial $22 million Tennessee Department of Transportation (TDOT) project is underway, encompassing the reconstruction of Exit 280, widening of Highway 56, installation of new high-mast lighting, and other improvements. This planned infrastructure upgrade will further enhance the property's value and accessibility. The asking price for this remarkable opportunity is $4,600,000. The property's APN is 064 004.00, and it is owned by Baxter Land Inc.

Highlights

  • High visibility and frontage on I-40.
  • Located in a Qualified Opportunity Zone (QOZ).
  • Level to gently sloping topography.

Property Details for 1360 1St Ave

Property type
Land
Lot Size (sq. ft)
1,960,200 SF

Location Insight

City
Baxter
County
Putnam
State
Tennessee
Latitude
36.140607
Longitude
-85.6196566
1360 1St Ave, Baxter, Tennessee

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1360 1St Ave
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