1299 Interstate Dr Crossville, TN 38555
Estimated payment $94,372/month
About This Lot
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 programs.
Business-Friendly Climate: With local initiatives aimed at supporting new and expanding businesses.
Development Potential
The property's size and location make it suitable for various development projects:
Industrial Parks
Distribution Centers
Retail Complexes
Hospitality Ventures
Its proximity to major transportation routes and attractions like Flatrock Motorsports Park enhances its appeal for diverse commercial uses. This 122.85-acre tract in Crossville, TN, presents a rare opportunity to invest in a strategically located property with significant growth potential. Its inclusion in an Opportunity Zone, proximity to major cities and attractions, and supportive economic environment make it an ideal choice for forward-thinking investors and developers.
Property Details
Property Type
- Land
Lot Details
- Property fronts a state road
- Level Lot
- Current uses include commercial, industrial
- Potential uses include commercial, industrial, planned unit development, residential multi-family, residential single, resort, for development
Additional Features
- Easements include natural gas, utilities, water lines
- Horses Allowed On Property
- Gas Available
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/22/2025 07/22/25 | For Sale | $15,050,000 | -- | -- |
- 0 Interstate Drive #Z1
- HWY 127 Lot # 10 Hwy 127n Main St
- HWY 127 Lot # 8 Hwy 127 N Main St
- 1490 Old Jamestown Hwy Unit 1490
- 0 Interstate Drive #Z7
- 39 N Riverview Ln
- 3380 N Main St
- 3400 N Main St
- 0 Lot # 1 Hwy 127 N Chuckles Park Unit 1286297
- HWY 127 Hwy 127 N Chuckles Pkwy
- Lot 36 Deer Creek Dr
- 0 Chuckles Pkwy Unit 1286293
- 0 Chuckles Pkwy Unit 1286300
- 5.56 AC N Main St
- 5.6 Acre N Main St
- 0 Bear Den - Lot 21
- 914 Hillcrest Dr
- 0 Bear Den
- Tract 10 Off Glenobey Rd
- 40 Jamestown Ct
- 40 Heather Ridge Cir
- 95 N Hills Dr
- 168 Sky View Meadow Dr
- 175 Sky View Meadow Dr
- 158 Sky View Meadow Dr
- 157 Sky View Meadow Dr
- 141 Sky View Meadow Dr
- 127 Sky View Meadow Dr
- 28 Jacobs Crossing Dr
- 317 Storie Ave
- 360 Oak Hill Dr
- 178 Fairview Rd
- 202 Lakeview Dr
- 134 Glenwood Dr
- 8005 Cherokee Trail
- 6 Lakeshore Ct Unit 97
- 43 Wilshire Heights Dr
- 122 Lee Cir
- 135 Stonewood Dr
- 8272 Vandever Rd