Tn-56 Baxter, TN 38544
- Retail properties
- 592,416 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Tn-56
- Property size
- 592,416 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional 13.6-acre development tract presents a unique investment opportunity in Baxter, Tennessee. Strategically located at Interstate 40 Exit 280, this C-2 zoned property boasts unparalleled visibility and accessibility. Its prime location offers easy access to Highway 56, placing it in close proximity to a Loves Truck Stop and a thriving DR Horton residential development, ensuring high traffic volume and strong potential for various commercial ventures. The property's size and zoning allow for a multitude of development options, catering to diverse needs. The City of Baxter and West Putnam County are experiencing significant growth, making this a particularly attractive investment with a projected 10% cap rate. The vacant land offers a blank canvas for developers seeking to capitalize on the area's dynamic expansion. This is a rare opportunity to acquire a substantial parcel in a rapidly developing area with excellent infrastructure and high visibility. The property is easily accessible from I-40 West, taking Exit 280, then turning right onto Baxter Road, left onto 1st Avenue South, and finally taking the right-hand driveway. The property is situated at the end of this driveway. The total square footage is 592,416 square feet. The asking price is $2,250,000.
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
- Baxter
- County
- Putnam
- State
- Tennessee
- Longitude
- -85.6858
- Latitude
- 36.1156
