6333 Nashville Hwy Baxter, TN 38544-3506
This exceptional 12.9-acre commercial property in Baxter, Tennessee, presents a remarkable development opportunity. Located at a soon-to-be signalized intersection on Highway 56, this unimproved tract boasts 1942 feet of paved county road frontage. Its strategic location is adjacent to a new 88-home development by D.R. Horton's Express Home division, indicating significant growth in the area. West Putnam County is experiencing substantial expansion, further enhanced by recently announced infrastructure upgrades from Putnam County and TDOT, improving sewer capacity and the Highway 56 and Interstate 40 corridor. The property is zoned commercial and offers utilities including sewer and water from a utility district. Nearby schools include Baxter Elementary, Cornerstone Middle, and Upperman High School. This site is ideal for a variety of mixed-use developments, capitalizing on the area's robust growth and prime location. The asking price is $4,999,000. Directions: From Putnam County Community Hospital, head south toward S Lowe Ave, turn right onto S Lowe Ave, turn left onto E Spring St, continue onto US 70 N/W Broad St approximately 6.4 miles
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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