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    Walnut Log Ln Union City, TN 38261

    Sponsored
    For Sale
    $179,000

    Prime waterfront lot, build your dream.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 38,768.4 square foot commercial and residential land parcel presents a unique investment opportunity on the shores of Reelfoot Lake in Union City, Tennessee. Located at 0 Walnut Log Lane, zip code 38261 (Obion County), this almost-acre lot offers unparalleled waterfront access, with deed rights extending to both sides of the road and down into the lake itself. The property's versatility allows for the construction of a variety of structures, including a residential home, a vacation cabin, or a lodge, catering to diverse investment strategies. Imagine creating your own personal retreat or developing a lucrative rental property, capitalizing on the area's high demand for lakefront accommodations. The possibility of building a boathouse provides year-round access to the lake for recreational activities. Reelfoot Lake is renowned for its exceptional fishing, duck hunting, and deer hunting, making this location highly attractive to outdoor enthusiasts. A state boat ramp is conveniently located just a short distance away, enhancing the property's accessibility and appeal. This is a rare chance to own a piece of Tennessee's natural beauty and establish a profitable venture in a highly sought-after location. The asking price for this remarkable property is $179,000.

    Property Features for 0 Walnut Log Ln

    General Information

    Property type
    Land

    HighLights

    • $179,000 asking price.
    • 38,768.4 sq ft lot.
    • Located in Union City, TN, 38261.
    • Commercial and residential zoning.
    • Lakefront property with deeded access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Union City
    County
    Obion
    State
    Tennessee
    Longitude
    -89.3310072
    Latitude
    36.4585166

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    FAQs

    What type of property is this?
    Land - Prime waterfront lot, build your dream.
    Where is this land located?
    The property is located at Walnut Log Ln Union City, TN.
    What is the asking price?
    The asking price for this property is $179,000.
    What are key features of this property?
    This property features: $179,000 asking price.; 38,768.4 sq ft lot.; Located in Union City, TN, 38261.
    Request Owner's contact information
    Walnut Log Ln Union City, TN 38261
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    Union City, TN 38261
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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
    Walnut Log Ln Union City, TN 38261
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