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    198 Mcillwain Rd Holladay, TN 38341

    Sponsored
    For Sale
    $499,000

    Prime I-40 location, multi-use potential.

    Property size:
    3,576 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 7.51-acre commercial property boasts a strategic location at Interstate 40 Exit 126, adjacent to the new Love's Truck Stop near the Parsons/Camden exit in Decatur County, Tennessee. The property offers significant multi-use potential, making it an ideal investment opportunity. An existing 3,576 square foot commercial shop is situated on the land, providing immediate usability and potential rental income. The property's high visibility and convenient access from I-40 and the busy Highway 641 ensure excellent exposure to a large volume of traffic. Its proximity to major transportation routes offers easy access to a wide range of businesses and consumers. The location is approximately 85 miles from Nashville and 120 miles from Memphis, providing convenient access to two major metropolitan areas. This property presents a rare opportunity to acquire a substantial commercial parcel in a high-growth area with immediate income potential and significant long-term development prospects. The existing building provides a solid foundation for a variety of commercial uses, while the ample land allows for expansion or the development of additional structures. This is a turnkey opportunity for investors seeking a strong return on investment in a prime location.

    Property Features for 198 Mcillwain Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,576 SF
    Lot Size
    327,136 SF
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Auto Parts Store Hotel & Motel Bar & Pub Discount Store Electronics Store Computer & Electronic Repair Tech Support Center Auto Repair Shop Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Holladay
    County
    Decatur County, TN
    State
    Tennessee
    Longitude
    -88.08204
    Latitude
    35.83579

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Prime I-40 location, multi-use potential.
    Where is this commercial real estate located?
    The property is located at 198 Mcillwain Rd Holladay, TN.
    What is the asking price?
    The asking price for this property is $499,000.
    (731) 847-4663
    Request Owner's contact information
    198 Mcillwain Rd Holladay, TN 38341
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    Holladay, TN 38341
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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
    198 Mcillwain Rd Holladay, TN 38341
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