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    1003 Drakes Creek Rd Hendersonville, TN 37075

    For Sale
    $5,000,000

    High-traffic, retail-zoned land, excellent visibility.

    Property size:
    340,280 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 7.8-acre commercial property in Hendersonville, TN, boasts an impressive 340,280 square feet and offers unparalleled visibility and accessibility. Situated on a corner lot at the intersection of Drakes Creek Road and State Route 386 (Vietnam Vets Parkway), it benefits from over 800 feet of frontage on Drakes Creek Road and 450 feet on State Route 386. The property enjoys a prime location diagonally across from the Streets of Indian Lake, a thriving retail center, ensuring high traffic counts. Average daily traffic (ADT) exceeds 90,000 on State Route 386 and 15,000 on Drakes Creek Road, presenting a significant opportunity for businesses seeking high exposure. All utilities are conveniently located on-site. Furthermore, the City of Hendersonville's Land Use Map designates this area for retail development, making it ideally suited for a variety of commercial ventures. Significant infrastructure improvements are planned, including the widening of Drakes Creek Road to five lanes, commencing in 2025, with rights-of-way already acquired. The potential for a signalized traffic light at the State Route 386 exit directly onto the property further enhances its accessibility and visibility. This property represents a rare opportunity to acquire a strategically located, high-traffic commercial lot with significant future development potential. The asking price is $5,000,000.

    Property Features for 1003 Drakes Creek Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    340,280 SF
    Lot Size
    339,768 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hendersonville
    County
    Sumner County, TN
    State
    Tennessee
    Longitude
    -86.59426
    Latitude
    36.33467

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic, retail-zoned land, excellent visibility.
    Where is this commercial real estate located?
    The property is located at 1003 Drakes Creek Rd Hendersonville, TN.
    What is the asking price?
    The asking price for this property is $5,000,000.
    (615) 491-2188
    Request Owner's contact information
    1003 Drakes Creek Rd Hendersonville, TN 37075
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    Hendersonville, TN 37075
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1003 Drakes Creek Rd Hendersonville, TN 37075
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