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    000 Highway 412 Lexington, TN 38351

    For Sale
    $120,000

    84,942 SF Mixed-Use Land Parcel

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 84,942 square foot land parcel presents a unique investment opportunity in Lexington, Tennessee. Located on Highway 412, this property offers remarkable versatility, suitable for both commercial and residential development, or a strategic blend of both uses. Its expansive size allows for a variety of project visions, from single-family homes to commercial ventures. The property's prime location provides convenient access to the amenities and services of Lexington, situated approximately 10 miles from the city center, and enjoys similar proximity to Jackson, Tennessee. The zoning regulations and potential development restrictions should be independently verified by prospective buyers to ensure alignment with their intended use. This is a blank canvas for a developer seeking a substantial land holding in a growing area. The asking price for this significant parcel is $120,000. Detailed site surveys and environmental assessments are recommended before any development plans are finalized. Serious inquiries are encouraged to explore the full potential of this remarkable property and its strategic location within Henderson County. The address is 000 W Hwy 412, Lexington, TN 38351. This is a rare opportunity to acquire a large tract of land with significant development potential in a desirable location.

    Property Features for 000 Highway 412

    General Information

    Property type
    Land

    HighLights

    • 84,942 SF land parcel in Lexington, TN.
    • Located on Highway 412, offering commercial and residential development potential.
    • Prime location, approximately 10 miles from Lexington and Jackson, TN.
    • $120,000 asking price.
    • Address: 000 W Hwy 412, Lexington, TN 38351.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply 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
    Lexington
    County
    Henderson
    State
    Tennessee
    Longitude
    -88.4210006
    Latitude
    35.6648364

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    FAQs

    What type of property is this?
    Land - 84,942 SF Mixed-Use Land Parcel
    Where is this land located?
    The property is located at 000 Highway 412 Lexington, TN.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: 84,942 SF land parcel in Lexington, TN.; Located on Highway 412, offering commercial and residential development potential.; Prime location, approximately 10 miles from Lexington and Jackson, TN.
    Request Owner's contact information
    000 Highway 412 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 Highway 412 Lexington, TN 38351
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