4283 Old Salem Rd, Rockvale, TN 37153-4118
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.