For Sale
$2,250,000

0 Tn-56Baxter, TN 38544

13.6-acre prime commercial site, high visibility.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 13.6-acre development tract presents a unique investment opportunity in Baxter, Tennessee. Strategically located at Interstate 40 Exit 280, this C-2 zoned property boasts unparalleled visibility and accessibility. Its prime location offers easy access to Highway 56, placing it in close proximity to a Loves Truck Stop and a thriving DR Horton residential development, ensuring high traffic volume and strong potential for various commercial ventures. The property's size and zoning allow for a multitude of development options, catering to diverse needs. The City of Baxter and West Putnam County are experiencing significant growth, making this a particularly attractive investment with a projected 10% cap rate. The vacant land offers a blank canvas for developers seeking to capitalize on the area's dynamic expansion. This is a rare opportunity to acquire a substantial parcel in a rapidly developing area with excellent infrastructure and high visibility. The property is easily accessible from I-40 West, taking Exit 280, then turning right onto Baxter Road, left onto 1st Avenue South, and finally taking the right-hand driveway. The property is situated at the end of this driveway. The total square footage is 592,416 square feet. The asking price is $2,250,000.

Highlights

  • 13.6-acre development site in Baxter, TN, at I-40 Exit 280.
  • High-visibility C-2 zoned lot.
  • Excellent I-40 and Hwy 56 access, near Loves Truck Stop and a DR Horton community.
  • Located in a high-growth area.
  • $2,250,000 asking price, 10% cap rate, vacant, broker co-op available.

Property Details for 0 Tn-56

Property type
Retail properties, Mixed-use properties
Square Feet
592,416 SF

Location Insight

City
Baxter
County
Putnam
State
Tennessee
Latitude
36.1155719
Longitude
-85.6858086
Tn-56, Baxter, Tennessee

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0 Tn-56
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