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    9520 State Route 78 Ridgely, TN 38080

    Sponsored
    For Sale
    $750,000

    Massive 32-acre industrial complex; endless potential.

    Property size:
    1,393,920 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity encompasses a sprawling 32-acre site in Ridgely, Tennessee, boasting a substantial 1,393,920 square feet of industrial space. The property is ideally situated at 9520 S State Route 78, in Lake County, zip code 38080 (36.2411493, -89.4791423). Currently configured with warehouse and commercial space, this versatile property offers a multitude of development possibilities. The existing structures include substantial warehouse space suitable for various industrial uses, along with additional storage units and office areas. A duplex is also present on the property, adding to its diverse income potential. The sheer size of the land and existing buildings presents a unique chance for expansion, redevelopment, or repurposing to suit a wide range of business needs. This property is primed for an investor seeking a significant footprint in a growing market. The scale of this offering presents a rare opportunity to acquire a substantial industrial complex with significant upside potential. The existing infrastructure provides a solid foundation for immediate use or extensive future development. Contact us today to explore the full potential of this remarkable property.

    Property Features for 9520 State Route 78

    General Information

    Property type
    Distribution properties
    Square Feet
    1,393,920 SF
    Lot Size
    1,393,920 SF

    HighLights

    • $750,000 asking price.
    • 32‑acre industrial land parcel in Ridgely, Tennessee.
    • 1,393,920 square feet of warehouse and commercial space.
    • Includes existing warehouse, storage units, office space, and a duplex.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Auto Repair Shop Auto Parts Store HVAC Service Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridgely
    County
    Lake
    State
    Tennessee
    Longitude
    -89.4791423
    Latitude
    36.2411493

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Distribution property - Massive 32-acre industrial complex; endless potential.
    Where is this distribution property located?
    The property is located at 9520 State Route 78 Ridgely, TN.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: $750,000 asking price.; 32-acre industrial land parcel in Ridgely, Tennessee.; 1,393,920 square feet of warehouse and commercial space.
    Request Owner's contact information
    9520 State Route 78 Ridgely, TN 38080
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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
    9520 State Route 78 Ridgely, TN 38080
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