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    51 Hwy Troy, TN 38260

    For Sale
    $300,000

    5.7 Acres Hwy 51, Obion County

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 5.7-acre commercial land parcel presents a unique investment opportunity in Troy, Tennessee. Strategically located on Highway 51, this property boasts 960 feet of road frontage, offering unparalleled visibility and accessibility. Its advantageous position directly adjoins the Troy Industrial Park, providing immediate proximity to established businesses and infrastructure. Furthermore, the property is situated just two parcels away from Gibson County Electric, ensuring convenient access to essential utilities. Currently used for farming, this versatile land requires no zoning changes, simplifying the development process for prospective buyers. The property's substantial size and prime location make it ideal for a wide range of commercial ventures. Detailed property taxes will be determined following the sale. The exact possession date is to be determined upon closing. This is a rare chance to acquire a significant commercial land holding in a thriving area with excellent potential for growth and return on investment. Don't miss this opportunity to secure a piece of prime Tennessee real estate. The asking price for this exceptional property is $300,000.

    Property Features for 51 Hwy

    General Information

    Property type
    Land
    Lot Size
    248,292 SF

    HighLights

    • $300,000 asking price.
    • 5.7‑acre commercial land parcel.
    • Located on Hwy 51 in Troy, TN.
    • Adjacent to Troy Industrial Park.
    • 960 feet of road frontage on US Hwy 51.
    • No zoning change required.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Troy
    County
    Obion
    State
    Tennessee
    Longitude
    -89.1569331
    Latitude
    36.3381122

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    FAQs

    What type of property is this?
    Land - 5.7 Acres Hwy 51, Obion County
    Where is this land located?
    The property is located at 51 Hwy Troy, TN.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: $300,000 asking price.; 5.7-acre commercial land parcel.; Located on Hwy 51 in Troy, TN.
    Request Owner's contact information
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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
    51 Hwy Troy, TN 38260
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