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    896 University St Martin, TN 38237

    Sponsored
    For Sale
    Contact for pricing

    55 Acres, University Area Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 55-acre commercial land parcel presents a unique development opportunity in Martin, Tennessee. Strategically located along Martin's primary east-west commercial thoroughfare, this property enjoys a central position within the city's newest development zone. The mostly flat to gently rolling terrain offers significant flexibility for various commercial projects. Zoned P-B (Planned Business District) and R-1 (Low Density Residential District), the site allows for diverse development options. Its proximity to the University of Tennessee - Martin, with its substantial population of approximately 6,700 students and 1,200 faculty and staff, makes it ideally suited for a retail center catering to this significant consumer base. Imagine the potential for an anchor store or a shopping center, along with additional frontage parcels for smaller businesses. This location offers unparalleled access to a large and consistent customer base, creating a strong foundation for a successful commercial venture. The property's size and zoning provide ample room for creative development plans, making it an attractive investment for those seeking a high-impact commercial project in a thriving Tennessee community. The address is 896 University St, Martin, TN 38237, situated in Weakley County.

    Property Features for 896 University St

    General Information

    Property type
    Land
    Lot Size
    2,395,800 SF

    HighLights

    • 55+/- acres of commercial land in Martin, TN.
    • Located on Martin's primary east‑west commercial thoroughfare, within the city's newest development zone.
    • Mostly flat to gently rolling terrain.
    • Zoned P‑B (Planned Business District) and R‑1 (Low Density Residential District).
    • Less than one mile from the University of Tennessee - Martin (approx. 7,700 students and staff).
    • Excellent opportunity for a retail center serving the university community; potential for an anchor store, shopping center, and outparcels.
    Property Profile Location Intelligence

    Current Use by Public Records

    A PLUS STORAGE MARTIN Self-Storage Facility

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Auto Repair Shop Wholesale Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Martin
    County
    Weakley
    State
    Tennessee
    Longitude
    -88.881846
    Latitude
    36.348048

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    FAQs

    What type of property is this?
    Land - 55 Acres, University Area Development
    Where is this land located?
    The property is located at 896 University St Martin, TN.
    What are key features of this property?
    This property features: 55+/- acres of commercial land in Martin, TN.; Located on Martin's primary east-west commercial thoroughfare, within the city's newest development zone.; Mostly flat to gently rolling terrain.
    (865) 531-6400
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    896 University St Martin, TN 38237
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    Martin, TN 38237
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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
    896 University St Martin, TN 38237
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