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    0000 Us-64 Oakland, TN 38060

    For Sale
    $1,432,800

    16-Acre Commercial Land, Hwy 64 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 15.92-acre commercial land parcel presents a remarkable investment opportunity in Oakland, Tennessee. Boasting prime highway frontage on US-64, this property enjoys high visibility and accessibility, situated between Beau Tisdale Drive and Mack Edwards Drive. Its strategic location offers less than a 30-minute commute to Ford's new Blue Oval City development, capitalizing on the region's rapid growth. Oakland and Fayette County are experiencing significant expansion, making this site ideally positioned for future development. The property, privately owned and held within the same family for generations, is now available for purchase. With potential for expansion (an additional 4 acres are potentially available for acquisition), this site offers significant development potential. The property's convenient location provides easy access to Interstate 40 and is within minutes of Memphis, further enhancing its appeal and strategic value. The asking price is $1,432,800. The property's APN is 087 035.00.

    Property Features for 0000 Us-64

    General Information

    Property type
    Land
    Lot Size
    693,475 SF

    HighLights

    • High‑growth Oakland location.
    • Proximity to Ford's Blue Oval City.
    • Excellent highway visibility on Hwy 64.
    • Short drive to Memphis.
    • Convenient I‑40 access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Oakland
    County
    Fayette
    State
    Tennessee
    Longitude
    -89.4992786
    Latitude
    35.229381

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    FAQs

    What type of property is this?
    Land - 16-Acre Commercial Land, Hwy 64 Frontage
    Where is this land located?
    The property is located at 0000 Us-64 Oakland, TN.
    What is the asking price?
    The asking price for this property is $1,432,800.
    What are key features of this property?
    This property features: High-growth Oakland location.; Proximity to Ford's Blue Oval City.; Excellent highway visibility on Hwy 64.
    (901) 581-6114
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    0000 Us-64 Oakland, TN 38060
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    Oakland, TN 38060
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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
    0000 Us-64 Oakland, TN 38060
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