63 Madison DrThree Way, TN 38343

  • Commercial real estate
  • 5.93 AC
For Sale
$1,600,000 View listing

Property Details for 63 Madison Dr

Lot size
5.93 AC
Property type
Commercial real estate
APN
057016 03900
APU
5701603900

Description

This exceptional 3,577 square foot warehouse, built in 2003, sits on a substantial 9.43-acre lot (410,770.8 sq ft) in Three Way, Tennessee. Strategically located on US Highway 45 and North Madison Drive, this property offers unparalleled visibility and accessibility, situated between Medina, Humboldt, and Jackson, TN. The building, formerly occupied by Dutch Garden, is a single-story structure zoned IH for manufacturing, allowing for a diverse range of commercial uses. The property boasts abundant paved and gravel parking areas, enhanced by a fenced and gated frontage, ensuring security and convenience. This prime location presents a significant opportunity for businesses seeking high visibility on a major US highway in a rapidly growing area of West Tennessee. A median cut provides easy access. Detailed information, including a boundary survey and zoning information, is readily available. The asking price for this exceptional property is $1,600,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $67,583,136
    Hospitality
    $61,905,788
    Educational
    $51,504,888
    Medical
    $53,276,220
    Retail
    $80,118,720

Location Insight

City
Three Way
County
Madison
State
Tennessee
Latitude
35.7531
Longitude
-88.8461
CBSA code
27180
CBSA name
JACKSON, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$813
$15,640
$31,330
$46,970
-
$39,100
$108,100
$147,200

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