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0 Interstate Drive, Crossville, TN 38555

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Listed byCorcoran Reverie
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Overview

Presenting an exceptional commercial real estate opportunity: a 122.85-acre tract strategically located along Interstate 40 in Crossville, Tennessee. This property offers visibility and accessibility, making it ideal for a range of developments, from logistics hubs to mixed-use commercial ventures. Prime Location with Strategic Access.
Situated directly on I-40 between exits 317 and 320, this expansive tract ensures seamless connectivity to major urban centers:

Nashville: Approximately 110 miles west

Knoxville: Approximately 70 miles east

Chattanooga: Approximately 90 miles south

This central positioning places the property within a day's drive of 75% of the U.S. population, offering significant logistical advantages.

Proximity to Flatrock Motorsports Park

Just minutes away lies the state-of-the-art Flatrock Motorsports Park, a premier motorsports and entertainment destination. Spanning over 800 acres, Flatrock features a 3.5-mile, 23-turn Club circuit with 127 feet of elevation change. The park includes luxury amenities such as a members-only motorclub, villas, and event spaces, attracting motorsport enthusiasts and tourists alike.

Opportunity Zone Benefits

This tract falls within Crossville's designated Opportunity Zone, offering investors significant tax incentives:

Temporary Deferral: Defer capital gains tax on prior investments until the earlier of the date of sale or December 31, 2026.

Step-Up in Basis: Increase basis by 10% if the investment is held for at least 5 years, and an additional 5% if held for 7 years.

Permanent Exclusion: Exclude capital gains from the Opportunity Fund investment if held for at least 10 years.

These incentives are designed to spur economic development and job creation in designated areas.

Thriving Economic Environment

Cumberland County boasts a robust economic landscape:

Diverse Industries: Including manufacturing, healthcare, and tourism.

Skilled Workforce: Supported by local educational institutions and training

Location

Full feature list

Basic info

Property type
Land
Lot size (acres)
122

Utilities

Heating
None
Cooling
None
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount
$3,724

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Realtracs MLS®#: 3121308 Last checked:

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.