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    2400 Us-231 Shelbyville, TN 37160

    For Sale
    Contact for pricing

    High-traffic corner lot, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 3.48-acre commercial land parcel presents a remarkable investment opportunity in Shelbyville, Tennessee. Strategically located on US-231 at McDale, just north of the Shelbyville Bypass, this hard corner boasts impressive visibility and accessibility, with over 30,000 vehicles passing daily. The property is zoned for commercial use, offering a wide range of development possibilities. The current offering encompasses 3.48 acres, but expansion is possible, with up to approximately 20 acres potentially available, making it ideal for a shopping center or similar large-scale development. This prime location benefits from significant growth drivers, including the imminent opening of a new school and the construction of multiple subdivisions adding well over 1000 new homes. The price per acre ranges from $500,000 to $1,000,000, reflecting the exceptional potential of this "Shelbyville Next" location. The property's size and location make it an attractive investment for owner-users seeking to establish a presence in a rapidly expanding market. This is a rare opportunity to acquire a substantial commercial land holding in a high-growth area of Bedford County.

    Property Features for 2400 Us-231

    General Information

    Property type
    Land
    Lot Size
    151,589 SF

    HighLights

    • 3.48‑acre commercial land parcel in Shelbyville, TN, on US‑231 at McDale, offering high visibility and accessibility.
    • Zoned for commercial use, with potential for expansion up to approximately 20 acres.
    • Over 30,000 vehicles pass daily; ideal for a large‑scale development like a shopping center.
    • Strong growth drivers include a new school and multiple new housing subdivisions adding over 1000 homes.
    • Price per acre: $500,000 - $1,000,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Shelbyville
    County
    Bedford
    State
    Tennessee
    Longitude
    -86.453487102687
    Latitude
    35.530835605916

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, development potential.
    Where is this land located?
    The property is located at 2400 Us-231 Shelbyville, TN.
    What are key features of this property?
    This property features: 3.48-acre commercial land parcel in Shelbyville, TN, on US-231 at McDale, offering high visibility and accessibility.; Zoned for commercial use, with potential for expansion up to approximately 20 acres.; Over 30,000 vehicles pass daily; ideal for a large-scale development like a shopping center.
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    Shelbyville, TN 37160
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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
    2400 Us-231 Shelbyville, TN 37160
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