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Property profile & analytics
OFF-MARKET
Commercial real estate

142 Joe Patterson Rd Rutherford, TN 38369-9533

1 ac lot
Individually Owned Absentee Owner Free & Clear
Property ID
US80-2832847
Property summary
AI-generated overview

This exceptional 12.71-acre property in Gibson County, Tennessee, presents a unique investment opportunity. Located on 142 Joe Patterson Rd, Rutherford, TN 38369, this commercial land boasts 1,200 square feet of existing retail space. The property features gentle rolling pastures, ideal for a variety of uses, including a hobby farm or a country home. No building restrictions allow for diverse development options, from log homes to barndominiums. The land includes a 30 x 40 wired and insulated workshop with 10-foot ceilings, a half-bathroom, utility sink, and commode. Multiple ideal building sites are available. The property's convenient location offers proximity to Rutherford Elementary and Gibson County High School, while also being approximately 45 minutes from Jackson, TN, 30 minutes from Martin and Dyersburg, TN, and within a reasonable driving distance of Memphis and Nashville. This versatile property combines the tranquility of rural Tennessee with convenient access to nearby amenities and cities, making it an attractive proposition for both residential and commercial development. The asking price is $150,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1 ac (43,560 SF)
APN 031 02700 001
UPID US80-2832847
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pecan Shop Department Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
AARON P WITMER
AARON P WITMER
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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