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    000 Natchez Trce Dr Dr Lexington, TN 38351

    Sponsored
    For Sale
    $120,000

    8+ Acres, Prime Location, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 355,449.6 square foot (approximately 8.16 acres) commercial and residential land parcel presents a unique investment opportunity in Lexington, Tennessee. Ideally situated behind the Pope subdivision and within walking distance of Guy B Amis Park, this property boasts a highly desirable location. Its proximity to Lindsey's Grocery provides convenient access to local amenities. The land offers significant development potential, particularly for multi-family housing. Public utilities are readily available, simplifying infrastructure needs. The property is conveniently located approximately 30 minutes east of Jackson, TN, and situated between Nashville and Memphis, offering easy access to major transportation routes. Henderson County, home to seven recreational lakes and minutes from Natchez Trace State Park, provides a desirable surrounding environment. The exact acreage will be determined by a surveyor, and square footage and taxes will be verified by an appraiser and tax assessor, respectively. All information is deemed accurate but is not warranted by the company, seller, or any representative. This is a rare chance to acquire a substantial tract of land in a thriving area with excellent growth prospects. Don't miss this opportunity to capitalize on the potential of this prime location.

    Property Features for 000 Natchez Trce Dr Dr

    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
    -88.3936066
    Latitude
    35.6482406

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    FAQs

    What type of property is this?
    Land - 8+ Acres, Prime Location, Development Potential
    Where is this land located?
    The property is located at 000 Natchez Trce Dr Dr Lexington, TN.
    What is the asking price?
    The asking price for this property is $120,000.
    Request Owner's contact information
    000 Natchez Trce Dr Dr 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 Natchez Trce Dr Dr Lexington, TN 38351
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