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    20855 Hwy 22 Hwy Parkers Crossroads, TN 38388

    Sponsored
    For Sale
    $3,100,000

    29 Acres, High-Traffic Location, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,285,455.6 square foot commercial land parcel presents a remarkable investment opportunity in Tennessee. Strategically located off Interstate 40 at Exit 108, this property enjoys unparalleled visibility and accessibility, situated conveniently between Nashville and Memphis. The site's proximity to Ford's new Blue Oval City (70 miles) further enhances its potential. Currently zoned for commercial use, this 29-acre tract is ideal for a variety of developments, capitalizing on the high traffic volume generated by I-40. The property is situated near established businesses, including a Hampton Inn, Knights Inn, McDonald's, and Dairy Queen, indicating a strong existing commercial presence. The location also boasts proximity to the historic Parkers Crossroads Battlefield Memorial. This offering provides flexibility, with the option to purchase the entire parcel or explore subdivision possibilities to suit individual development plans. The asking price is $3,100,000. This prime location and substantial acreage make this a truly exceptional investment opportunity. Detailed zoning information and development guidelines are available upon request.

    Property Features for 20855 Hwy 22 Hwy

    General Information

    Property type
    Retail properties

    HighLights

    • 1,285,455.6 SF commercial land parcel in Tennessee.
    • Strategically located off I‑40, Exit 108, between Nashville and Memphis.
    • 70 miles from Ford's Blue Oval City.
    • 29‑acre tract, commercially zoned.
    • High traffic volume from I‑40, near existing businesses (Hampton Inn, etc.).
    • $3,100,000 asking price; subdivision possibilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Parkers Crossroads
    County
    Henderson
    State
    Tennessee
    Longitude
    -88.3919026
    Latitude
    35.7627358

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    FAQs

    What type of property is this?
    Retail property - 29 Acres, High-Traffic Location, Development Ready
    Where is this retail property located?
    The property is located at 20855 Hwy 22 Hwy Parkers Crossroads, TN.
    What is the asking price?
    The asking price for this property is $3,100,000.
    What are key features of this property?
    This property features: 1,285,455.6 SF commercial land parcel in Tennessee.; Strategically located off I-40, Exit 108, between Nashville and Memphis.; 70 miles from Ford's Blue Oval City.
    Request Owner's contact information
    20855 Hwy 22 Hwy Parkers Crossroads, TN 38388
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    Parkers Crossroads, TN 38388
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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
    20855 Hwy 22 Hwy Parkers Crossroads, TN 38388
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