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    000 Hwy 22 Hwy Lexington, TN 38351

    Sponsored
    For Sale
    $1,200,000

    15 Acres, Hwy 22 N, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 15-acre property, situated on Highway 22 North in Lexington, Tennessee, presents a compelling investment opportunity. Boasting a substantial 661,240.8 square foot lot, this land offers significant potential for both residential and commercial development. Its prime location provides easy access to Interstate 40, placing it within convenient reach of major transportation routes. The property is situated next to an asphalt plant, adding to its strategic appeal. The area offers a desirable lifestyle, with Henderson County boasting seven recreational lakes and proximity to Natchez Trace State Park. This location is approximately 30 minutes east of Jackson, TN, and conveniently positioned between Nashville and Memphis. The seller is highly motivated and encourages offers. Please note that the exact acreage and square footage are to be verified by a surveyor and appraiser, respectively. Property taxes will be determined by the tax assessor. All information is believed to be accurate but is not warranted by the seller. This is a rare opportunity to acquire a large parcel of land in a rapidly growing area with excellent access and potential for significant returns. Don't miss out on this chance to secure a piece of prime Tennessee real estate.

    Property Features for 000 Hwy 22 Hwy

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lexington
    County
    Henderson
    State
    Tennessee
    Longitude
    -88.4210006
    Latitude
    35.6648364

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    FAQs

    What type of property is this?
    Land - 15 Acres, Hwy 22 N, Development Potential
    Where is this land located?
    The property is located at 000 Hwy 22 Hwy Lexington, TN.
    What is the asking price?
    The asking price for this property is $1,200,000.
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    000 Hwy 22 Hwy Lexington, TN 38351
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    Lexington, TN 38351
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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
    000 Hwy 22 Hwy Lexington, TN 38351
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