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    00 Hwy 196 Hwy Gallaway, TN 38036

    For Sale
    $2,143,800

    Prime Commercial Land Near Blue Oval Plant

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 35.73-acre commercial land parcel presents a remarkable investment opportunity in Gallaway, Tennessee. Strategically located on Hwy 196, this property boasts a permitted zoning classification of 1, offering significant potential for a wide range of commercial or industrial developments. Its proximity to the new Blue Oval Plant, approximately 17 miles away, provides unparalleled access to a burgeoning workforce and robust economic activity. The expansive lot size allows for substantial flexibility in development plans, catering to large-scale projects. The seller is willing to consider dividing the acreage, providing options for smaller-scale ventures. This presents a unique chance to acquire a significant land holding in a rapidly growing area. The property is situated in Fayette County, Tennessee, with a zip code of 38036, and is conveniently located near key transportation routes. An additional 10 acres are also available, offering the possibility of expanding the development footprint. This prime location and flexible acreage options make this property an ideal investment for discerning buyers seeking a foothold in a thriving commercial market. Detailed zoning information and development guidelines are readily available upon request. Don't miss this exceptional opportunity to secure a substantial land parcel in a high-growth area.

    Property Features for 00 Hwy 196 Hwy

    General Information

    Property type
    Land
    Lot Size
    1,556,399 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Gallaway
    County
    Fayette
    State
    Tennessee
    Longitude
    -89.619279
    Latitude
    35.3254521

    Nearby Comparable

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    • $600,000
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    • $1,634,050
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      Gallaway, TN Commercial Industrial Land

      29.71 acres of commercial industrial land in growing area.
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      5.00 Acres

      Arlington Commercial Land - 5 Acres

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land Near Blue Oval Plant
    Where is this land located?
    The property is located at 00 Hwy 196 Hwy Gallaway, TN.
    What is the asking price?
    The asking price for this property is $2,143,800.
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    00 Hwy 196 Hwy Gallaway, TN 38036
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    Gallaway, TN 38036
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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
    00 Hwy 196 Hwy Gallaway, TN 38036
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