3597 Highway 411 Madisonville, TN 37354
This exceptional 10.55-acre commercial property in Madisonville, Tennessee, presents a unique investment opportunity. Located at the highly visible red-light intersection of Hwy 411 and Wayman Road, this partially cleared and graded tract boasts over 800 feet of road frontage on Hwy 411. The property's strategic location offers superior visibility and is situated near popular businesses, including Madisonville Marine, a prominent boat and marine dealer. Additional nearby retailers include Marathon Gas and Save a Lot Grocery. Its proximity to Sequoyah High School further enhances its appeal. The land is zoned for commercial use, making it ideal for a variety of developments. This offering includes two parcels: Parcel ID/Tax ID 057091.04 and Parcel ID/Tax ID 057091.03. The asking price is $999,999, translating to approximately $94,787 per acre. This prime location and versatile zoning make this property an attractive investment for both retail and multifamily development. The address is 3597 Hwy 411, Madisonville, TN 37354. This is a rare opportunity to acquire a significant commercial tract in a growing area with excellent visibility and access.
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
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Property description
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Risks
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