360 Sam Ridley PkwySmyrna, TN 37167

Property Details for 360 Sam Ridley Pkwy

Year built

2023

Construction

FRAME

Lot size

1.38 AC

Property size (Sq ft)

3,740 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

028-044.16-000

APU

2804416000

Description

This exceptional commercial land parcel, totaling between 2.24 and 2.26 acres, presents a remarkable investment opportunity in Smyrna, Tennessee. Strategically located at I-24, Exit 66, on Sam Ridley Parkway and Expo Drive, this property boasts unparalleled accessibility and high visibility. The site benefits from a daily average traffic count of 45,112 vehicles, ensuring significant exposure for any future development. Its proximity to Smyrna's thriving retail power center, Stone Crest Medical Center, numerous hotels, restaurants, and shopping amenities further enhances its appeal. All utilities are readily available, and extensive site grading has already been completed, significantly reducing development time and costs. The asking price ranges from $1,625,000 to $2,650,000 per acre, reflecting the property's prime location and development-ready condition. The permitted zoning is commercial, allowing for a wide range of development possibilities. This is an exceptional opportunity to capitalize on the robust growth and economic vitality of the Smyrna area. Don't miss this chance to acquire a highly desirable commercial land parcel in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $949,756

  6.5%

  $876,698

  7%

  $814,077

• Comparable approach

  Method

  Valuation

  Relative Method

  $811,287

  Geo Method

  $811,287

• Alternative Use

  Use

  Valuation

  Residential

  $739,528

  Hospitality

  $677,403

  Educational

  $563,592

  Medical

  $582,974

  Retail

  $876,698

Location Insight

City

Smyrna

County

Rutherford

State

Tennessee

Latitude

35.9885

Longitude

-86.547

CBSA code

34980

CBSA name

NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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