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    Hwy 196 Hwy Gallaway, TN 38036

    For Sale
    $600,000

    Prime 10-acre commercial/industrial lot. Near Blue Oval City.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 10-acre parcel of land presents a unique investment opportunity in Gallaway, Tennessee. Zoned for commercial and light industrial use, this property offers significant potential for development. Strategically located approximately 17 miles from the new Blue Oval City, this site benefits from proximity to a burgeoning economic hub. The land is currently vacant, providing a blank canvas for a variety of commercial or industrial projects. The property's location within the city of Gallaway ensures access to essential infrastructure and services. The presence of several established businesses on adjoining land further enhances the appeal and potential for synergy. This offering includes 10 acres, with an additional 35 acres potentially available for expansion. The asking price for this 10-acre tract is $600,000. The property is designated as Zone 1. This is a rare opportunity to acquire a substantial land holding in a rapidly developing area. Don't miss this chance to secure a prime location for your next venture.

    Property Features for 0 Hwy 196 Hwy

    General Information

    Property type
    Land
    Lot Size
    435,600 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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    FAQs

    What type of property is this?
    Land - Prime 10-acre commercial/industrial lot. Near Blue Oval City.
    Where is this land located?
    The property is located at Hwy 196 Hwy Gallaway, TN.
    What is the asking price?
    The asking price for this property is $600,000.
    Request Owner's contact information
    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
    Hwy 196 Hwy Gallaway, TN 38036
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