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    OFF-MARKET
    Commercial land

    4283 Old Salem Rd, Rockvale, TN 37153-4118

    1,064 SF 4.3 ac lot Built 1950
    Individually Owned 8-yr Hold Free & Clear
    Property ID
    US80-1798484
    Property summary
    AI-generated overview

    This exceptional 4.33-acre commercial property presents a remarkable investment opportunity in the thriving Rockvale, TN market. Located on a highly visible corner at the intersection of Old Salem Road and Veterans Parkway, this parcel boasts significant potential for a variety of commercial developments. The property is currently zoned for commercial highway use, offering multiple development options for discerning investors. Recently cleared, the land is ready for immediate development, eliminating costly site preparation. Its prime location ensures high traffic visibility and easy accessibility, making it an ideal site for retail, office, or light industrial uses. While sewer access is not currently on-site, the sellers are actively working to secure an easement, streamlining the development process. To further enhance flexibility for potential buyers, the sellers are open to considering subdividing the tract or negotiating a long-term ground lease. This presents a unique opportunity to acquire a strategically located property with significant upside potential in a rapidly growing area. The asking price of $2,000,000 reflects the property's exceptional location, development readiness, and the potential for substantial returns. Don't miss this chance to secure a prime piece of Rockvale real estate. Contact us today to learn more and schedule a site visit.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1950
    Total area 1,064 SF
    Lot 4.3 ac (187,308 SF)
    APN 115-027.00-000
    UPID US80-1798484
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Steven D George · 8 yrs held
    Steven D George
    since 2018
    2 recorded transactions
    2018
    2015
    $350,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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