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    8.29 Ac Morgan Rd Greeneville, TN 37743

    Sponsored
    For Sale
    $2,400,000

    8.29 Acres, High Visibility, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8.29-acre commercial land parcel presents a unique investment opportunity in Greeneville, Tennessee. Ideally situated across from a Walmart, this property boasts high traffic counts and excellent visibility, ensuring maximum exposure for any development. The expansive lot offers numerous development options, catering to a wide range of commercial ventures. Convenient access is provided at the rear via Serral Drive, enhancing logistical efficiency. The property encompasses tax map 88, parcels 97.03, 71.10, 71.07, 71.06, 71.08, and 71.11. While a small floodplain area exists adjacent to a Cookout restaurant, the majority of the land is suitable for development. The asking price for this prime commercial land is $2,400,000. This strategic location and substantial acreage make this property an attractive proposition for investors seeking high-impact commercial development in a thriving area. The property is zoned for commercial use (verification recommended). Serious inquiries only.

    Property Features for 0 8.29 Ac Morgan Rd

    General Information

    Property type
    Land
    Lot Size
    361,112 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Greeneville
    County
    Greene
    State
    Tennessee
    Longitude
    -82.8640623
    Latitude
    36.0941226

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    FAQs

    What type of property is this?
    Land - 8.29 Acres, High Visibility, Development Ready
    Where is this land located?
    The property is located at 8.29 Ac Morgan Rd Greeneville, TN.
    What is the asking price?
    The asking price for this property is $2,400,000.
    Request Owner's contact information
    8.29 Ac Morgan Rd Greeneville, TN 37743
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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
    8.29 Ac Morgan Rd Greeneville, TN 37743
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