13513 Monterey HwyMonterey, TN 38574

Property Details for 13513 Monterey Hwy

Lot size

8.00 AC

Property type

Commercial real estate

APN

071071 09000

APU

7107109000

Description

This exceptional 8.778-acre commercial and industrial land parcel presents a unique investment opportunity at the I-40 interchange in Monterey, Tennessee. Located at 13513 Monterey Highway, this property boasts significant road frontage, offering over 675 feet of visibility along Monterey Highway and an additional 225+ feet along Bee Rock Road. Its strategic position approximately 1,000 feet south of I-40 Exit 300 ensures high traffic visibility and accessibility. The terrain is primarily flat to rolling, making development straightforward. The property is zoned C-2 & R-1, allowing for a wide range of commercial and residential uses. Potential uses include, but are not limited to, travel centers, hotels, quick-service restaurants, convenience stores, and numerous other commercial ventures. Utilities are available on-site. The property's APN is 071 090.00, and ownership is held by Tn Stone. This is a rare opportunity to acquire a highly visible and accessible parcel of land in a rapidly growing area, offering significant potential for substantial return on investment. The asking price is $1,755,600.

• CAP approach

  CAP return

  Valuation

  6%

  $73,394,100

  6.5%

  $67,748,400

  7%

  $62,909,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $30,095,700

  Geo Method

  $29,997,200

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $126,885,000

  Retail / Commercial

  $66,337,700

  Mixed-Use / Specialty

  $67,103,300

  Hospitality / Lodging

  $50,536,200

  Office

  $67,748,400

  Institutional / Educational

  $70,118,500

  Residential Income

  $82,038,700

  Multifamily

  $92,837,300

  Automotive / Energy

  $60,101,600

  Parking / Income-Based Land

  $19,750,300

  Restaurant / Food Service

  $37,039,600

  Healthcare / Senior Housing

  $67,785,500

Location Insight

City

Monterey

County

Putnam

State

Tennessee

Latitude

36.1365

Longitude

-85.2818

CBSA code

18260

CBSA name

COOKEVILLE, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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