Drivers Ln Prospect, TN 38477
- Commercial real estate
- 0.42 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Drivers Ln
- Lot size
- 0.42 lot acres
- Property type
- Commercial real estate
Description
This unique commercial property, located at 0 Drivers Lane in Prospect, Tennessee, presents a compelling investment opportunity. The 0.42-acre lot is currently utilized for billboard advertising, with a single billboard currently under lease generating annual rental income. The property's zoning allows for communications-related land use, making it ideal for continued billboard operation or potential expansion. The existing lease provides a stable income stream, offering immediate return on investment. The property's location in Prospect, Tennessee, offers excellent visibility and accessibility, ensuring optimal exposure for advertising. This is a turnkey investment, requiring minimal management and offering significant potential for future growth. The sale price is $59,900. Given the current lease and the property's zoning, this represents a strong potential for passive income generation. Serious inquiries are encouraged to explore this exceptional opportunity further. The property is sold as-is. Further details regarding the lease agreement and financial performance are available upon request. This is a rare chance to acquire a profitable commercial property in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Prospect
- County
- Giles County, TN
- State
- Tennessee
- Longitude
- -86.8833
- Latitude
- 35.0472