122 Acres Lot
122 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Cottonpatch
MLS Listing ID 3121308
HOA Y/N No
Annual Tax Amount $3,724
Lot Size 122.000 Acres
Acres 122.0
Property Description
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
State TN
County Cumberland County
Zoning MULTI
Interior
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Private Pool false
Building
Lot Description Cleared, Corner Lot, Cul-De-Sac, Level, Rolling Slope, Views, Wooded
Sewer Public Sewer
Water Public
Schools
Elementary Schools Stone Elementary
Middle Schools Stone Elementary
High Schools Stone Memorial High School
Others
Senior Community false
Special Listing Condition Standard
NEARBY LOCATIONS
Our expert Team is here to help you buy, sell or invest with confidence throughout Middle TN, Sevierville/Pigeon Forge/Gatlinburg, Florida 30A, and North Alabama.
1033 Demonbreun St Suite 300, Nashville, TN, 37203, USA