Property profile

2400 Us-231 Shelbyville, TN 37160

OFF-MARKET
Land
3.48 ac lot
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Property summary

AI-generated overview

This exceptional 3.48-acre commercial land parcel presents a remarkable investment opportunity in Shelbyville, Tennessee. Strategically located on US-231 at McDale, just north of the Shelbyville Bypass, this hard corner boasts impressive visibility and accessibility, with over 30,000 vehicles passing daily. The property is zoned for commercial use, offering a wide range of development possibilities. The current offering encompasses 3.48 acres, but expansion is possible, with up to approximately 20 acres potentially available, making it ideal for a shopping center or similar large-scale development. This prime location benefits from significant growth drivers, including the imminent opening of a new school and the construction of multiple subdivisions adding well over 1000 new homes. The price per acre ranges from $500,000 to $1,000,000, reflecting the exceptional potential of this "Shelbyville Next" location. The property's size and location make it an attractive investment for owner-users seeking to establish a presence in a rapidly expanding market. This is a rare opportunity to acquire a substantial commercial land holding in a high-growth area of Bedford County.

Property profile

Verified
Property type Land
Lot 3.48 ac (151,589 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2400 Us-231 Shelbyville, TN 37160
Shelbyville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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