833 University St Martin, TN 38237
- Commercial real estate
- 7.55 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 833 University St
- Lot size
- 7.55 lot acres
- Property type
- Commercial real estate
Description
This exceptional 7.55-acre commercial land parcel presents a unique investment opportunity in Martin, Tennessee. Located at the intersection of Skyhawk Parkway and University Street, this property benefits from a high-traffic count exceeding 12,000 vehicles per day. Zoned PB (Planned Business), it's ideally suited for new commercial development. The site offers convenient access to all city services and enjoys a prime location adjacent to the University of Tennessee at Martin, home to approximately 8,000 students. This proximity provides access to a substantial student population, supplementing the existing trade area population of 38,692 residents. The strong local economy is underscored by a trade area average household income of $45,721 and a significant consumer spending power totaling $505 million, with $139 million representing retail opportunity. Available in tracts ranging from 0.5 to 2 acres, this development offers flexibility for various commercial ventures. This location offers unparalleled access to a thriving market, making it an exceptional opportunity for investors and developers alike. The property is situated in historic Martin, TN, offering a blend of established community and vibrant growth potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Martin
- County
- Weakley
- State
- Tennessee
- Longitude
- -88.8736782
- Latitude
- 36.3499719
