0 Tn-56Baxter, TN 38544

Property Details for 0 Tn-56

Property size (Sq ft)

592,416 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

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.

Location Insight

City

Baxter

County

Putnam

State

Tennessee

Latitude

36.1156

Longitude

-85.6858

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