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    OFF-MARKET
    Commercial real estate

    228 Joy Ln, Jackson, TN 38305

    287 ac lot
    Property ID
    US80-0355169
    Property summary
    AI-generated overview

    This exceptional 287-acre property in Madison County, Tennessee, presents a rare investment opportunity. Situated at the end of an established neighborhood in Jackson, TN, and conveniently located just two miles from Interstate 40 Exit 87, this land offers diverse potential uses. The property boasts 115 acres of row crop land ideal for agricultural production, complemented by 172 acres of mature hardwoods last selectively harvested in the mid-1990s, providing excellent hunting opportunities. Abundant wildlife, including trophy deer and turkey, thrives within the seven open fields, enhanced by numerous shooting shacks, tower blinds, and climbing ladder stands. Existing trails allow for easy navigation throughout the property. A significant feature is a substantial 3200-square-foot airplane hangar, constructed with durable concrete throughout. This versatile property is suitable for various ventures, including residential development, hunting club establishment, or the creation of a private homesite. The asking price is $2,296,000. The property's zoning and potential for future development should be independently verified.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 287 ac (12,501,720 SF)
    UPID US80-0355169
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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