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    Wright Dr Jackson, TN 38305

    For Sale
    Contact for pricing

    11 Acres, I-40 Exit 85, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 11-acre commercial land parcel presents a remarkable investment opportunity in Jackson, Tennessee. Strategically located at the southwest corner of Dr. F.E. Wright Drive and Ridgecrest Road, this property boasts unparalleled visibility due to its prominent corner location at I-40 Exit 85, a high-traffic area. The site is zoned for commercial development and offers a unique chance to capitalize on the area's robust growth. A proposed development plan includes four lots ideally suited for a convenience store, restaurant, hotel, and other high-profile retailers. This prime location benefits from its proximity to major transportation arteries and a full complement of amenities, including some of the region's most popular tourist destinations. The 11-acre lot size provides ample space for a large-scale development, allowing for flexibility in design and maximizing potential return on investment. The property's high visibility and strategic location make it an exceptional opportunity for developers seeking a high-impact commercial project in a thriving market. The asking price is subject to offer, making this a compelling opportunity for discerning investors. The property is situated in Madison County, Tennessee, with a zip code of 38305. This location offers easy access to a large consumer base and significant potential for future growth.

    Property Features for 0 Wright Dr

    General Information

    Property type
    Land
    Lot Size
    479,160 SF

    HighLights

    • Price: Subject to Offer
    • Property Type: 11‑acre commercial land parcel
    • Lot Size: 11 acres
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.7863165
    Latitude
    35.6522512

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    FAQs

    What type of property is this?
    Land - 11 Acres, I-40 Exit 85, High Visibility
    Where is this land located?
    The property is located at Wright Dr Jackson, TN.
    What are key features of this property?
    This property features: Price: Subject to Offer; Property Type: 11-acre commercial land parcel; Lot Size: 11 acres
    (731) 300-3071
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    Wright Dr Jackson, TN 38305
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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
    Wright Dr Jackson, TN 38305
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