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    4185 Canada Rd Lakeland, TN 38002

    Sponsored
    For Sale
    $559,000

    7.89 Acres, R2 Zoning, Lake Views

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7.89-acre parcel presents a remarkable infill development opportunity in Lakeland, Tennessee. Located at 4185 Canada Rd, 38002, this property boasts an enviable location within an established neighborhood, offering the potential for significant returns. Zoned R2 - Suburban Manor, the land allows for residential development adhering to specific guidelines. Minimum lot sizes are 10,000 square feet, with frontage ranging from 70 to 100 feet. Building coverage is permitted at 35% to 45% of the total impervious coverage. The property's strategic position near The Lake District, a multi-use development nearing completion (projected 2021-2022), contributes to its high desirability. This burgeoning area is experiencing a surge in interest and property values, making this a truly compelling investment. Enjoy picturesque lake views across the street, adding to the property's allure and potential for premium residential development. The asking price for this prime Lakeland acreage is $559,000. This is a rare opportunity to capitalize on the growth and potential of this thriving Tennessee community.

    Property Features for 4185 Canada Rd

    General Information

    Property type
    Land
    Lot Size
    343,688 SF

    HighLights

    • Suburban infill development site with significant potential.
    • Excellent location near the Lake District.
    • Enjoy stunning lake views directly across the street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Auto Repair Shop Gym & Fitness Hotel & Motel Auto Parts Store Kitchen & Bath Grocery Store Food Market HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7442147
    Latitude
    35.2403361

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    FAQs

    What type of property is this?
    Land - 7.89 Acres, R2 Zoning, Lake Views
    Where is this land located?
    The property is located at 4185 Canada Rd Lakeland, TN.
    What is the asking price?
    The asking price for this property is $559,000.
    What are key features of this property?
    This property features: Suburban infill development site with significant potential.; Excellent location near the Lake District.; Enjoy stunning lake views directly across the street.
    Request Owner's contact information
    4185 Canada Rd Lakeland, TN 38002
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    Lakeland, TN 38002
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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
    4185 Canada Rd Lakeland, TN 38002
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