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    360 Sam Ridley Pkwy Smyrna, TN 37167

    Sponsored
    For Sale
    $1,625,000

    Prime 2.24-acre commercial lot, I-24 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial land parcel, totaling between 2.24 and 2.26 acres, presents a remarkable investment opportunity in Smyrna, Tennessee. Strategically located at I-24, Exit 66, on Sam Ridley Parkway and Expo Drive, this property boasts unparalleled accessibility and high visibility. The site benefits from a daily average traffic count of 45,112 vehicles, ensuring significant exposure for any future development. Its proximity to Smyrna's thriving retail power center, Stone Crest Medical Center, numerous hotels, restaurants, and shopping amenities further enhances its appeal. All utilities are readily available, and extensive site grading has already been completed, significantly reducing development time and costs. The asking price ranges from $1,625,000 to $2,650,000 per acre, reflecting the property's prime location and development-ready condition. The permitted zoning is commercial, allowing for a wide range of development possibilities. This is an exceptional opportunity to capitalize on the robust growth and economic vitality of the Smyrna area. Don't miss this chance to acquire a highly desirable commercial land parcel in a prime location.

    Property Features for 360 Sam Ridley Pkwy

    General Information

    Property type
    Land
    Lot Size
    97,574 SF

    HighLights

    • High‑visibility location at I‑24, Exit 66, Sam Ridley Parkway and Expo Drive, offering convenient I‑24 East access.
    • Proximity to Stone Crest Medical Center, a new retail power center, hotels, restaurants, and shopping in Smyrna.
    • Fully serviced with complete site grading.
    • Daily traffic count: 45,112.
    Property Profile Location Intelligence

    Current Use by Public Records

    Whataburger Restaurant

    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
    Smyrna
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.577201736003
    Latitude
    35.972081427187

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    FAQs

    What type of property is this?
    Land - Prime 2.24-acre commercial lot, I-24 access.
    Where is this land located?
    The property is located at 360 Sam Ridley Pkwy Smyrna, TN.
    What is the asking price?
    The asking price for this property is $1,625,000.
    What are key features of this property?
    This property features: High-visibility location at I-24, Exit 66, Sam Ridley Parkway and Expo Drive, offering convenient I-24 East access.; Proximity to Stone Crest Medical Center, a new retail power center, hotels, restaurants, and shopping in Smyrna.; Fully serviced with complete site grading.
    (615) 234-5020
    Request Owner's contact information
    360 Sam Ridley Pkwy Smyrna, TN 37167
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    Smyrna, TN 37167
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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
    360 Sam Ridley Pkwy Smyrna, TN 37167
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