0 Van Hook St Milan, TN 38358
This exceptional 5.3-acre commercial land parcel, located at 0 E Van Hook St, Milan, TN 38358, presents a unique investment opportunity. Boasting an impressive 230,868 square feet, the property offers significant road frontage of approximately 710 feet along Highway 79, plus an additional 181 feet across the street, providing excellent visibility and accessibility. Currently unleased, the land has a history of agricultural use. The property is zoned residential and situated within a flood zone, a factor that potential buyers should carefully consider during their due diligence. A recent appraisal supports the asking price of $75,000. This substantial acreage presents considerable potential for various commercial developments, given its prime location and highway frontage. The extensive lot size allows for ample flexibility in design and development plans. Serious inquiries are encouraged to explore the possibilities this property offers. Detailed zoning information and flood plain data are readily available upon request. This is a rare opportunity to acquire a large commercial parcel in a desirable location at an attractive price point. Don't miss out on this chance to shape the future of this valuable piece of land.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.