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    000 Lexington Tn Lexington, TN 38351

    Sponsored
    For Sale
    $807,450

    Agricultural Land: Recreational or Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 153-acre agricultural property presents a unique opportunity for diverse uses. Located in Lexington, Tennessee, this expansive tract boasts significant road frontage: 5,825 feet on Loney Wheatley and 1,857 feet on Highway 22A. A recent survey is available. City water and gas services are conveniently accessible at the roadside. The land features two ponds and wooded acreage, adding to its natural appeal. The property is conveniently situated near Lexington and Henderson, offering easy access to amenities and services. Its proximity to Southhaven School and Fire Station enhances its desirability. No restrictive covenants are in place, allowing for a wide range of development possibilities. Priced at $807,450 ($5,250/acre), this rare find is ideal for recreational pursuits or strategic development projects. Don't miss this chance to acquire a substantial and versatile property in a desirable location.

    Property Features for 000 Lexington Tn

    General Information

    Property type
    Farms
    Lot Size
    6,699,528 SF

    HighLights

    • 153‑acre farm with a new survey.
    • 5,825' of road frontage on Loney Wheatley Road and 1,857' on Highway 22A.
    • City water and gas available at the road.
    • Two ponds.
    • Wooded acreage.
    • No restrictions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lexington
    County
    Henderson
    State
    Tennessee
    Longitude
    -88.457868
    Latitude
    35.58617

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    FAQs

    What type of property is this?
    Farm - Agricultural Land: Recreational or Development Potential
    Where is this farm located?
    The property is located at 000 Lexington Tn Lexington, TN.
    What is the asking price?
    The asking price for this property is $807,450.
    What are key features of this property?
    This property features: 153-acre farm with a new survey.; 5,825' of road frontage on Loney Wheatley Road and 1,857' on Highway 22A.; City water and gas available at the road.
    Request Owner's contact information
    000 Lexington Tn 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 Lexington Tn Lexington, TN 38351
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