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    138 Hwy Mercer, TN 38392

    For Sale
    $69,500

    LAND - Mercer, TN

    Lot size:
    5.18 Acres
    Days on Market:
    123
    Last Refresh:
    Dec 11 at 2:06 pm

    Property Features for 138 Hwy

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    136 013.00
    Lot size
    5.18 Acres

    Coldwell Banker Real Estate Now (731) 668-1777 [email protected]

    Listing agent Lee W. Godfrey (731) 343-2900 License #058537

    Listing date Aug 11, 2025

    MLS# 2503755 Listing URL

    Copyright © 2025 Central West Tennessee Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mercer, TN 5.18 Acre Land

    This is a 5.18-acre tract of land with 430 feet of frontage on Hwy 138. The property is located in southwest Madison County, Tennessee, 6.2 miles south of I-40 at Exit 68 (Providence Rd). The tract is gently rolling and includes open areas with some woods, offering building sites. A well and septic system are required for building. Stick-built houses are required; mobile homes are not permitted. The property has already been approved for a septic system. It has been surveyed and is ready for development. The GPS coordinates are at the intersection of Hwy 138 & Ebenezer Rd: 1181 Hwy 138, Mercer, TN 38392.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Mercer
    County
    Madison
    State
    Tennessee
    Longitude
    -89.056419
    Latitude
    35.505399

    FAQs

    What type of property is this?
    Land - 5.18 acre tract with frontage on Hwy 138.
    Where is this land located?
    The property is located at 138 Hwy Mercer, TN.
    What is the asking price?
    The asking price for this property is $69,500.
    What are key features of this property?
    This property features: - Approved for Septic System; - **5.18 Acre Tract with Great Building Sites**; - 430 Ft of Frontage on Hwy 138
    (731) 343-2900
    Request Owner's contact information
    138 Hwy Mercer, TN 38392
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    Mercer, TN 38392
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    138 Hwy Mercer, TN 38392
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