University St. Development Opportunity

896 University St Martin, TN 38237

896 University St, Martin, TN, 38237
896 University St, Martin, TN, 38237 896 University St, Martin, TN, 38237 896 University St, Martin, TN, 38237
FOR SALE
Property Type:
Other Land
Amount:
$1,688,500
Last Verified:
Sep 20, 2023

Highlights

  • 55 +/- Acres of land
  • Located along Martin's main east-west commercial artery and centrally located within the city's most recent development
  • Property lays mostly flat to gently rolling
  • Property is zoned P-B (Planned Business District) and R-1 (Low Density Residential District)
  • Less than a mile from University of Tennessee - Martin (enrollment around 6,700 Students + 1,200 Faculty & Staff)
  • Development opportunity to become main retail center servicing the University's students, faculty and staff (Possibility for anchor/shopping center and frontage out parcels)

Description

55 +/- Acres of land
Located along Martin's main east-west commercial artery and centrally located within the city's most recent development
Property lays mostly flat to gently rolling
Property is zoned P-B (Planned Business District) and R-1 (Low Density Residential District)
Less than a mile from University of Tennessee - Martin (enrollment around 6,700 Students)
Development opportunity to become main retail center servicing the University's students, faculty and staff (Possibility for anchor/shopping center and frontage out parcels)

Located on University St. within walking distance to The University of Tennessee at Martin.


Year Built: 1962
Building Size: 3233sq ft
Lot Size: 55.0 acres


Documents

• NAI - Brochure (P)

Map of 896 University St, Martin, TN, 38237

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.