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    308 Highway 45 Byp Humboldt, TN 38343

    For Sale
    $985,000

    1.7 Acres, Highway 45 Bypass, $985,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 74,052 square foot commercial lot is strategically located on Highway 45 Bypass in Three Way, Madison County, Tennessee, zip code 38343. Situated on a high-traffic corner lot, this 1.7-acre parcel presents a remarkable opportunity for a variety of commercial ventures. Its prime location within one of West Tennessee's fastest-growing traffic corridors ensures high visibility and accessibility. The property's proximity to established businesses, including car dealerships, a new Baptist hospital and surgery center, and the Max Trans Trucking Center, further enhances its appeal and potential for success. The versatile nature of this land makes it suitable for a convenience store, car lot, or any highway-oriented business. A potential ground lease is available, with terms subject to review. This is an ideal investment for entrepreneurs seeking a high-impact location with significant growth potential. The asking price for this exceptional property is $985,000. Detailed site plans and further information are available upon request. Don't miss this chance to secure a prominent position in a thriving commercial area.

    Property Features for 308 Highway 45 Byp

    General Information

    Property type
    Land

    HighLights

    • $985,000 asking price.
    • 1.7‑acre commercial land parcel.
    • Located at 308 Highway 45 Bypass, Three Way, TN 38343.
    • 74,052 square foot lot size.
    • Ideal for convenience store, car lot, or other highway‑oriented businesses.
    • Excellent location in a high‑traffic area of West Tennessee, near dealerships, a new hospital, and trucking center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Humboldt
    County
    Madison
    State
    Tennessee
    Longitude
    -88.8858162
    Latitude
    35.8332163

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    FAQs

    What type of property is this?
    Land - 1.7 Acres, Highway 45 Bypass, $985,000
    Where is this land located?
    The property is located at 308 Highway 45 Byp Humboldt, TN.
    What is the asking price?
    The asking price for this property is $985,000.
    What are key features of this property?
    This property features: $985,000 asking price.; 1.7-acre commercial land parcel.; Located at 308 Highway 45 Bypass, Three Way, TN 38343.
    (800) 748-9254
    Request Owner's contact information
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    Humboldt, TN 38343
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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
    308 Highway 45 Byp Humboldt, TN 38343
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