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    00 Woodland Dr Henderson, TN 38340

    Sponsored
    For Sale
    $301,600

    Massive R-3 zoned acreage, utilities available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,313,769.6 square foot property in Henderson, Tennessee presents a unique development opportunity. Located at 00 Woodland Drive, this expansive parcel is zoned R-3, offering the smallest lot size requirements within city limits, ideal for creating a new subdivision of houses, duplexes, or apartments. The property boasts convenient access to all utilities, with existing sewer mains running through the land and readily available utilities on both Woodland Drive and Forrest Drive. Three 50-foot access points provide ample opportunity for road construction within the property. This significant landholding is further enhanced by the inclusion of an additional 1+ acre lot and house frontage at 1035 Forrest Drive (lot 1 on map), available for an additional $68,075.00, exclusively with the purchase of this main parcel. The combined asking price for both parcels is $301,600 + $68,075 = $370,000. This represents one of the largest R-3 zoned tracts within Henderson city limits, making it an unparalleled investment prospect for developers seeking a substantial and strategically located project. The property is situated in Chester County, Tennessee, with a zip code of 38340.

    Property Features for 00 Woodland Dr

    General Information

    Property type
    Multifamily properties

    HighLights

    • 1,313,769.6 sq ft R‑3 zoned lot in Henderson, TN, ideal for subdivision development.
    • Located at 00 Woodland Drive, with access to all utilities.
    • Three 50‑foot access points and existing sewer mains.
    • Includes adjacent 1+ acre lot at 1035 Forrest Drive for an additional $68,075.
    • Total asking price: $370,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Chester
    State
    Tennessee
    Longitude
    -88.6730978
    Latitude
    35.4522759

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    FAQs

    What type of property is this?
    Multifamily property - Massive R-3 zoned acreage, utilities available.
    Where is this multifamily property located?
    The property is located at 00 Woodland Dr Henderson, TN.
    What is the asking price?
    The asking price for this property is $301,600.
    What are key features of this property?
    This property features: 1,313,769.6 sq ft R-3 zoned lot in Henderson, TN, ideal for subdivision development.; Located at 00 Woodland Drive, with access to all utilities.; Three 50-foot access points and existing sewer mains.
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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
    00 Woodland Dr Henderson, TN 38340
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