Residential Development Land
For Sale
$160,000
515 Wallace Road, Luttrell, TN 37779
Surveyed 5.9-acre tract with city water and electricity, offering nearly 1,000 feet of combined road frontage.
Property Size257,004 SF
Lot Size5.90 Acres
Price / SF$0.62
Days on Market177
Property Features for 515 Wallace Road
General Information
Standard status
Active
Size
257,004 SF
Lot size
5.90 Acres
Property subtype
Lots & Acreage
Site & Location
Road Access
Yes
Utilities to Site
Yes
Listing Agency:
The Real Estate Firm, Inc.
(865) 456-5076
Listed By:
Chase Buckner
Source:
Compass
Added: Feb 16
Changed: Aug 8
Last Checked: Mar 25 at 1:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Real Estate Firm, Inc.
Investment Insights
Based on property information with market context.
This surveyed 5.9-acre property at 515 Wallace Road is available for sale as residential development land. Utilities are described as readily available, with city water and electricity available on the property, which may help reduce preparation costs before building.
The property has approximately 1,000 feet of road frontage combined along Highway 370 and Wallace Road, giving multiple options when selecting a build location.
The tract is positioned for buyers looking for several acres “out in the country” while still being close to town, with the opportunity to choose your preferred homesite within the existing frontage area.
The property has approximately 1,000 feet of road frontage combined along Highway 370 and Wallace Road, giving multiple options when selecting a build location.
The tract is positioned for buyers looking for several acres “out in the country” while still being close to town, with the opportunity to choose your preferred homesite within the existing frontage area.
Key Highlights
- Surveyed 5.9‑acre tract ready for new construction
- City water and electricity available on the property
- About 1,000 feet of combined road frontage on Highway 370 and Wallace Road
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 37779, TN
3,812
Population
1,554
Households
2.5
Avg Household Size
43
Median Age
10%
College-Educated
86%
High-School Grad
34.6 sq mi
ZIP Area
110
Density / Sq Mi
$51,159
Median Household Income
$37,474
Median Earnings
$829
Median Rent
$160,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Surveyed 5.9-acre tract with city water and electricity, offering nearly 1,000 feet of combined road frontage.
Where is this residential land & home lot located?
The property is located at 515 Wallace Road Luttrell, TN.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Surveyed 5.9‑acre tract ready for new construction; City water and electricity available on the property; About 1,000 feet of combined road frontage on Highway 370 and Wallace Road
