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    00 Broad St Lexington, TN 38351

    For Sale
    $199,500

    Prime 2-Acre Commercial Land, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 82,328.4 square foot commercial property in Lexington, Tennessee, presents a unique investment opportunity. Situated on a highly visible corner lot at 00 S Broad Street, this almost two-acre parcel boasts impressive road frontage of 229 feet and 534 feet, ensuring maximum exposure for any business. The property's zoning allows for diverse uses, making it ideal for a variety of commercial ventures, including multifamily residential development, industrial operations, or a combination thereof. Its strategic location offers easy access to shopping, schools, and the downtown area of Lexington, providing convenience and attracting a wide customer base. All city utilities are readily available, simplifying development and operational costs. The asking price for this versatile property is $199,500. This prime location and flexible zoning make this a rare opportunity to acquire a significant commercial property in a thriving Tennessee community. The property is classified as Land, Industrial, Multifamily, and Office, and is further subtyped as Commercial, Warehouse, Apartment Building, and Duplex/Triplex/Quadruplex. This versatile property is ready for your vision.

    Property Features for 00 Broad St

    General Information

    Property type
    Multifamily properties

    HighLights

    • $199,500 asking price.
    • 82,328.4 sq ft lot.
    • Lexington, TN location.
    • Multifamily, warehouse, and commercial property.
    • Corner lot with significant road frontage.
    • Near shopping, schools, and downtown.
    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
    Lexington
    County
    Henderson
    State
    Tennessee
    Longitude
    -88.393518
    Latitude
    35.6507702

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    FAQs

    What type of property is this?
    Multifamily property - Prime 2-Acre Commercial Land, High Visibility
    Where is this multifamily property located?
    The property is located at 00 Broad St Lexington, TN.
    What is the asking price?
    The asking price for this property is $199,500.
    What are key features of this property?
    This property features: $199,500 asking price.; 82,328.4 sq ft lot.; Lexington, TN location.
    Request Owner's contact information
    00 Broad St Lexington, TN 38351
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    Lexington, TN 38351
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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 Broad St Lexington, TN 38351
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