1299 Interstate Drive, Crossville, TN 38555 - Cumberland County

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.