1360 1St Ave Baxter, TN 38544
- Land
- 45.00 lot acres
Current Use by Public Records
- Land
Property Details for 1360 1St Ave
- Lot size
- 45.00 lot acres
- Property type
- Land
Description
This exceptional 45-acre commercial land parcel boasts over 2,700 feet of high-visibility frontage along Interstate 40 in Baxter, Tennessee. Located less than half a mile north of the I-40/SR 56 interchange at Exit 280, this property offers unparalleled access and exposure to a high volume of traffic. The site is zoned C-2 General Commercial, allowing for a wide range of development opportunities. The terrain is primarily flat to rolling, making it ideal for construction. This prime location is situated within a Qualified Opportunity Zone (QOZ), presenting significant tax advantages for investors. The property's strategic position benefits from an average annual daily traffic count exceeding 49,544 vehicles at the nearby interchange. Furthermore, a substantial $22 million Tennessee Department of Transportation (TDOT) project is underway, encompassing the reconstruction of Exit 280, widening of Highway 56, installation of new high-mast lighting, and other improvements. This planned infrastructure upgrade will further enhance the property's value and accessibility. The asking price for this remarkable opportunity is $4,600,000. The property's APN is 064 004.00, and it is owned by Baxter Land Inc.
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
- -85.6197
- Latitude
- 36.1406
