Summertown, TN 38483,1429 Turnpike Rd
Summertown, TN 38483,1429 Turnpike Rd
Summertown, TN 38483,1429 Turnpike Rd
Summertown, TN 38483,1429 Turnpike Rd
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Listed by Stacey Springer • Coldwell Banker Southern Realty

$159,000

$205,000

22.4%
Est.Price: ?

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Est. payment /mo

480 SqFt


SOLD DATE : 10/05/2023

Key Details

Sold Price $159,000

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Sold

Purchase Type For Sale

Square Footage 480 sqft

Price per Sqft $331

MLS Listing ID 2488844

Sold Date 10/05/23

Year Built 1985

Annual Tax Amount $80

Lot Size 1.970 Acres

Acres 1.97

Property Description

**IMMEDIATE INCOME POTENTIAL**a communication tower lease is in place ** A cell tower will be placed on this property. It will only take up approximately 400 sq ft( 20x20 ) THE LEASING COMPANY WILL PAY OWNER $700/mth FOR 33 YEARS AND THE PAYMENT WILL INCREASE 3%EVERY YEAR. That’s basically like getting a free business opportunity to make this place the business you’ve always dreamed of!! Located on the heavily traveled Turnpike (Hwy 240). Includes 1+ acre open lot beside a 24x20 metal building. This is a huge business opportunity for the fast-growing Summertown area. The long-term communications company lease provides significant income possibilities without interfering with the commercial possibilities. Call for more details

Location

State TN

County Lawrence County

Zoning commercial

Interior

Fireplace N

Exterior

Waterfront false

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