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    600 Lance Dr Baxter, TN 38544

    For Sale
    $6,900,000

    Thriving TN Winery, 22 Acres, Events Center

    Property size:
    26,189 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    DelMonaco Winery and Vineyards, a highly successful and established business, presents a unique investment opportunity. This turnkey operation, situated on 22 acres of prime Tennessee land, boasts a modern 26,189-square-foot facility. The property includes a fully operational winery producing 16 distinct wine varieties from 20,000 vines, a charming retail wine shop, and a sophisticated two-story events center perfect for weddings and other large gatherings. Extensive outdoor entertaining spaces complement the indoor facilities. Administrative offices are also included within the main building. The winery currently distributes its products across 44 states, demonstrating a strong and established market presence. Its location in Putnam County, a region experiencing significant growth, offers exceptional potential for continued expansion. The property's proximity to Interstate 40 (1.5 miles), a major thoroughfare with 16.1 million annual travelers passing through Putnam County, provides unparalleled accessibility. Furthermore, its convenient location just 8 miles from Cookeville and 71 miles from Nashville ensures strong regional appeal and access to a large consumer base. This exceptional property offers a rare chance to acquire a thriving, established business with significant growth potential. The asking price is $6,900,000.

    Property Features for 600 Lance Dr

    General Information

    Property type
    Retail properties
    Square Feet
    26,189 SF
    Lot Size
    958,320 SF

    Building Details

    Year Built
    2008
    Property Profile Location Intelligence

    Current Use by Public Records

    DelMonaco Winery & Vineyards Winery Tesla Destination Charger Electric Vehicle Charging Station

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Wholesale Shop Clothing Store Storage Facility Furniture Store Electronics Store Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Baxter
    County
    Putnam County, TN
    State
    Tennessee
    Longitude
    -85.61514
    Latitude
    36.16343

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    FAQs

    What type of property is this?
    Retail property - Thriving TN Winery, 22 Acres, Events Center
    Where is this retail property located?
    The property is located at 600 Lance Dr Baxter, TN.
    What is the asking price?
    The asking price for this property is $6,900,000.
    (615) 794-0833
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    600 Lance Dr Baxter, TN 38544
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    Baxter, TN 38544
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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
    600 Lance Dr Baxter, TN 38544
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