000 Highway 22 Lexington, TN 38351
This exceptional 187,308 square foot commercial land parcel is strategically located at the corner of Highway 22 South and Purdy Street in Lexington, Tennessee. Situated in a high-traffic area, this property offers endless development possibilities. Its convenient location provides close proximity to schools, shopping centers, and Lexington's downtown area. The site boasts easy access from Interstate 40 via Exit 108, with a four-lane state route leading directly to the property. All city utilities are readily available, making this raw land an ideal canvas for a variety of commercial ventures. The asking price for this prime commercial land is $200,000. The property's size and location make it a highly attractive investment opportunity for developers and entrepreneurs seeking a strategic foothold in a thriving Tennessee community. This is a rare chance to acquire a significant commercial land holding in a rapidly growing area. Don't miss this opportunity to secure a piece of Lexington's vibrant commercial landscape. The zip code is 38351, and the property is in Henderson County.
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
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.