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    00 Central Ave Humboldt, TN 38343

    Sponsored
    For Sale
    $400,000

    20 Acres, Multi-Use Potential, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 20-acre commercial property, located at 00 Central Ave, Humboldt, TN 38343, presents a unique investment opportunity. Boasting a substantial 871,200 square feet lot size, this land offers significant potential for diverse development. The property is zoned M-1 and R-3, allowing for a range of uses, including commercial, industrial, multifamily, and retail ventures. Situated in a thriving retail and manufacturing area, the property enjoys high visibility with street frontage on four sides, including a state highway. This strategic location provides excellent access and exposure, placing it in close proximity to major retailers such as Walgreens (directly across the street) and Walmart (within 0.5 miles). The land's size and zoning allow for future subdivision possibilities, maximizing investment returns. The asking price is $400,000, translating to $20,000 per acre. While the square footage is to be verified by an appraiser, this property's prime location and versatile zoning make it an attractive proposition for discerning investors seeking significant development potential in a high-traffic area of Humboldt, Tennessee. All information is deemed reliable but not guaranteed.

    Property Features for 00 Central Ave

    General Information

    Property type
    Multifamily properties

    HighLights

    • 20‑acre commercial property at 00 Central Ave, Humboldt, TN 38343.
    • 871,200 square foot lot size.
    • M‑1 and R‑3 zoning allows for commercial, industrial, multifamily, and retail development.
    • High visibility with four‑side street frontage, including state highway access.
    • Prime location near Walgreens and Walmart.
    • $400,000 asking price ($20,000/acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Humboldt
    County
    Gibson
    State
    Tennessee
    Longitude
    -88.9151624
    Latitude
    35.8471048

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    FAQs

    What type of property is this?
    Multifamily property - 20 Acres, Multi-Use Potential, Prime Location
    Where is this multifamily property located?
    The property is located at 00 Central Ave Humboldt, TN.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: 20-acre commercial property at 00 Central Ave, Humboldt, TN 38343.; 871,200 square foot lot size.; M-1 and R-3 zoning allows for commercial, industrial, multifamily, and retail development.
    Request Owner's contact information
    00 Central Ave Humboldt, TN 38343
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    Humboldt, TN 38343
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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
    00 Central Ave Humboldt, TN 38343
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