Drivers Ln Prospect, TN 38477
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.