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    Maclin St Humboldt, TN 38343

    For Sale
    $84,600

    4.7-Acre Multifamily Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 4.7-acre commercial property, located on Maclin Street in Humboldt, Tennessee, presents a compelling investment opportunity. Zoned for neighborhood businesses, this expansive 204,732 square foot lot sits at a prime intersection of Highway 79 and Highway 152, ensuring high visibility and accessibility. The property's versatile zoning allows for a variety of development options, including multifamily residential projects or neighborhood-serving commercial ventures. The asking price is $84,600. Given its size and strategic location, this land parcel offers significant potential for substantial returns. Its proximity to major roadways makes it an attractive location for businesses seeking convenient access to transportation networks. The property is classified as land, multifamily, and retail, offering flexibility for diverse development plans. This is an ideal opportunity for investors seeking to capitalize on the growing demand for both residential and commercial spaces in the Humboldt area. The property's substantial size provides ample space for a large-scale development project, while its location ensures strong potential for attracting tenants and customers. Serious inquiries are encouraged to explore the full potential of this remarkable investment opportunity. The property is a duplex/triplex/quadruplex, offering further development options.

    Property Features for 0 Maclin St

    General Information

    Property type
    Multifamily properties
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Humboldt
    County
    Gibson
    State
    Tennessee
    Longitude
    -88.9253088
    Latitude
    35.8261523

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    FAQs

    What type of property is this?
    Multifamily property - 4.7-Acre Multifamily Development Opportunity
    Where is this multifamily property located?
    The property is located at Maclin St Humboldt, TN.
    What is the asking price?
    The asking price for this property is $84,600.
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    Maclin St Humboldt, TN 38343
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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
    Maclin St Humboldt, TN 38343
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