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    833 University St Martin, TN 38237

    For Sale
    Contact for pricing

    7.55 acres, prime location, build-to-suit.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 7.55-acre commercial land parcel presents a unique investment opportunity in Martin, Tennessee. Located at the intersection of Skyhawk Parkway and University Street, this property benefits from a high-traffic count exceeding 12,000 vehicles per day. Zoned PB (Planned Business), it's ideally suited for new commercial development. The site offers convenient access to all city services and enjoys a prime location adjacent to the University of Tennessee at Martin, home to approximately 8,000 students. This proximity provides access to a substantial student population, supplementing the existing trade area population of 38,692 residents. The strong local economy is underscored by a trade area average household income of $45,721 and a significant consumer spending power totaling $505 million, with $139 million representing retail opportunity. Available in tracts ranging from 0.5 to 2 acres, this development offers flexibility for various commercial ventures. This location offers unparalleled access to a thriving market, making it an exceptional opportunity for investors and developers alike. The property is situated in historic Martin, TN, offering a blend of established community and vibrant growth potential.

    Property Features for 833 University St

    General Information

    Property type
    Land
    Lot Size
    328,878 SF

    HighLights

    • High‑traffic location adjacent to the University of Tennessee at Martin (8,000 students).
    • Trade area boasts a $45,721 average household income.
    • High‑visibility site at an intersection with over 12,000 vehicles per day.
    • Significant retail opportunity: $139 million in retail potential within a trade area generating $505 million in consumer spending.
    • Strong trade area population of 38,692.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Martin
    County
    Weakley
    State
    Tennessee
    Longitude
    -88.8736782
    Latitude
    36.3499719

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    FAQs

    What type of property is this?
    Land - 7.55 acres, prime location, build-to-suit.
    Where is this land located?
    The property is located at 833 University St Martin, TN.
    What are key features of this property?
    This property features: High-traffic location adjacent to the University of Tennessee at Martin (8,000 students).; Trade area boasts a $45,721 average household income.; High-visibility site at an intersection with over 12,000 vehicles per day.
    (731) 300-3071
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    833 University St Martin, TN 38237
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    833 University St
    Martin, TN 38237
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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
    833 University St Martin, TN 38237
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