1599 Appling Care Ln Cordova, TN 38016
This exceptional 2.11-acre commercial land parcel in Cordova, Tennessee, presents a compelling investment opportunity. Located at 1599 Appling Care Lane, zip code 38016, this property boasts a highly desirable location, situated just one mile south of the I-40 and Appling Road intersection. The asking price is $345,000. The lot is currently vacant and features existing side roads, making it readily accessible for development. Its strategic position is further enhanced by its proximity to a thriving medical and assisted living community. In fact, a new 144-unit assisted living facility is directly across Appling Road. The property's previous planning included a cottage-style assisted living development, suggesting a natural fit for similar projects. Given the surrounding infrastructure and existing demand for senior care facilities, this land offers significant potential for developers seeking to capitalize on the area's growth. The site is also near single-family homes, multifamily residences, and retail establishments, indicating a diverse and established neighborhood. This prime location and attractive price point make this a rare opportunity for investors and developers alike. The property offers excellent Appling Road frontage and is ideally suited for assisted living or medical development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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