Rare opportunity to own a cash-flowing investment property in a high-demand growth corridor just 5 miles from Center Hill Lake, Baxter, I-40, and Cookeville city limits. Situated on a highly visible 2-acre corner lot, this low-maintenance property features 25 storage units plus 2 additional income-producing properties, offering multiple streams of revenue and strong return potential. With a current 9% cap rate and room for future expansion, this property presents an excellent opportunity for investors seeking steady income with upside growth. Prime location, easy access, and continued area development make this a smart addition to any portfolio.
- MLS# 242254
- Date Listed02/20/2026
- Days on Realty 12 Days
- Bedrooms -
- Bathrooms
- Lot Size 2.2 acres (95,832 sq. ft)
- County Putnam
- Year Built 2009
- Square Feet 2,016 sq. ft
- Price Per Sq. Ft $235.62
Exterior / Lot Features
- Roof Metal
- Lot Size Acres 2.20
- Lot Size SQFT 95,832.00
- Lot Features -
Directions
From Putnam Co Courthouse: take S Lowe Ave. In 0.5 mi turn R onto E Jackson. In 0.8 mi turn L onto S Willow. In 11 mi turn R onto Baxter Rd. Property is on L in 150 ft.
Financial Considerations
- Tax Amount $1,039
- Terms Cash, Conventional, FHA, VA Loan
Sales & Tax History
Source: Public Records
| Street Address | Beds | Baths | Sold Date | List Price | Valuation Date | Valuation Price |
|---|---|---|---|---|---|---|
| 1342 Holladay Road Rd | 5 | 2 | Feb 16, 2026 | $299,500 | Mar 04, 2026 | - |
| 5520 Academy Rd | Listing | 3 | 3 | Jan 26, 2026 | $459,000 | Mar 21, 2024 | $368,989 |
| 216 South Drive Drive | Listing | 3 | 2 | Feb 16, 2026 | $242,900 | Feb 23, 2024 | $280,261 |
| 390 James Austin Rd | Listing | 3 | 2 | Jan 26, 2026 | $284,929 | Mar 12, 2021 | $72,650 |
| 832 Clemmons Rd | Listing | 3 | 3 | Feb 16, 2026 | $464,500 | Feb 23, 2024 | $311,354 |
| 172 Tollisontown Rd | Listing | 2 | 2 | Feb 16, 2026 | $188,500 | Mar 12, 2021 | $57,090 |
| 5175 Baxter Rd | Listing | 4 | 2 | Feb 16, 2026 | $489,500 | Mar 21, 2024 | $465,785 |
| 4355 Verble Sherrell Rd | 4 | 2 | Jan 28, 2026 | $565,000 | Mar 04, 2026 | - |
| 4485 Coconut Ridge Rd | 3 | 3 | Jan 09, 2026 | $400,000 | Mar 04, 2026 | - |
| 4655 Coconut Ridge Rd | 5 | 3 | Feb 12, 2026 | $875,000 | Mar 04, 2026 | - |
Population & Environment
Source: Sperling's Best Places
| Zip | City | County | National | |
|---|---|---|---|---|
| Population | 6,986 | 1,721 | 83,389 | 335,858,263 |
| Population Density | 93 | 548 | 208 | 95 |
| People per Household | 2.5 | 2.4 | 2.4 | 2.6 |
| Median Age | 42.8 | 40.1 | 36.9 | 39.1 |
| Median Income | $44,443 | $44,013 | $46,439 | $66,222 |
| Average Income | $25,474 | $26,030 | $25,821 | $35,475 |
| Cost of Living Index | 77 | 74 | 73 | 100 |
| Zip | City | County | National | |
|---|---|---|---|---|
| January Avg. High Temp | 25.3°F | 25.3°F | 25.3°F | 22.6°F |
| July Avg. High Temp | 87.7°F | 87.7°F | 87.7°F | 86.2°F |
| Annual Precipitation | 57.74" | 57.74" | 57.82" | 38" |
6/100
Car-Dependent
Walk Score ®
19/100
Bikable
Bike Score ®
Overview
Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 0/100, Transit Score: 0/100, Bike Score: 7/100.
Property Change History
Nearby Properties
-
$475,000 Active Under Contract0 bds • 0 ba • 2,016 sqft
8955 Baxter Rd, Baxter, TN 38544
Rare opportunity to own a cash-flowing investment property in a high-demand growth corridor just 5 miles from Center Hill Lake, Baxter, I-40, and Cookeville city limits. Situated on a highly visible 2-acre corner lot, this low-maintenance property fe...Listing by: Natalie Stout - The Realty Firm - Smithville -
$449,900 Active3 bds • 3 ba • 1,831 sqft
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$449,900 Active3 bds • 3 ba • 1,831 sqft
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BUYER INCENTIVES!! Offering 2-1 buy down with full price offer or full closing costs. Discover the charm of new construction near Center Hill Lake, where classic design meets natural beauty in a stunning open concept layout. This remarkable home bo...Listing by: Kristin Renee Giesing - Highlands Elite Real Estate -
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BUYER INCENTIVES!!!! Offering 2-1 buy down with full price offer or full closing costs. Discover the charm of new construction near Center Hill Lake, where classic design meets natural beauty in a stunning open concept layout. This remarkable home bo...Listing by: Kristin Giesing - Highlands Elite Real Estate -
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$475,000 Active Under Contractbds • 0 ba • 2016 sqft
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Frequently Asked Questions for 8955 Baxter Rd
Source: Realty.com
8955 Baxter Rd, Baxter, TN 38544 is a Business, Business Opportunity property listed for $475,000 The property is 2016 sq. ft with - bedrooms and 0 bathrooms
Realty.com has 18 photos of 8955 Baxter Rd.
Our records indicate that 8955 Baxter Rd was built in 2009.
The full address for this home is 8955 Baxter Rd, Baxter, TN 38544.
8955 Baxter Rd has been listed on Realty.com since Fri February 20, 2026
Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 0/100, Transit Score: 0/100, Bike Score: 7/100.
Listing provided courtesy of:
The Realty Firm - Smithville
(tel: 615-215-3276)
Listing agent:
Natalie Adcock
(#434_935)
This content last refreshed on 2026-03-04 20:33:48. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 8955 Baxter Rd, Baxter, TN 38544 : MLS# 242254