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    Sherwood Shores Dr Spring City, TN 37381

    Sponsored
    For Sale
    $99,500

    6.19 Acres, Stunning Lake Views, Build Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6.19-acre commercial land parcel in Spring City, Tennessee, presents a unique opportunity. Boasting breathtaking views of Watts Bar Lake, this property is ideally situated for a variety of commercial ventures. Previously permitted for a four-bedroom home, the site offers significant advantages for developers. The seller has already completed road construction and partially cleared the hilltop, streamlining the building process. Utilities are conveniently located at the roadside, eliminating infrastructure hurdles. The property's prime location provides easy access to the lake, perfect for water-related businesses or projects that capitalize on the stunning scenery. Enjoy the tranquility of the surrounding trees while benefiting from the proximity to recreational activities like boating and fishing. This is a rare chance to acquire a ready-to-develop commercial site with exceptional lake views in a desirable Tennessee location. The asking price is $99,500. A video showcasing the property is available online. This property is located at 0 Sherwood Shores Dr, Spring City, TN 37381, in Rhea County.

    Property Features for 0 Sherwood Shores Dr

    General Information

    Property type
    Land
    Lot Size
    269,636 SF

    HighLights

    • 6.19‑acre commercial land parcel in Spring City, TN, with stunning Watts Bar Lake views.
    • Previously permitted for a four‑bedroom home, ideal for redevelopment.
    • Road construction complete, hilltop partially cleared, utilities at roadside.
    • Prime location offers easy lake access, perfect for water‑related businesses.
    • Asking price: $99,500.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Spring City
    County
    Rhea
    State
    Tennessee
    Longitude
    -84.7792273
    Latitude
    35.6934299

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    FAQs

    What type of property is this?
    Land - 6.19 Acres, Stunning Lake Views, Build Ready
    Where is this land located?
    The property is located at Sherwood Shores Dr Spring City, TN.
    What is the asking price?
    The asking price for this property is $99,500.
    What are key features of this property?
    This property features: 6.19-acre commercial land parcel in Spring City, TN, with stunning Watts Bar Lake views.; Previously permitted for a four-bedroom home, ideal for redevelopment.; Road construction complete, hilltop partially cleared, utilities at roadside.
    Request Owner's contact information
    Sherwood Shores Dr Spring City, TN 37381
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    Spring City, TN 37381
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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
    Sherwood Shores Dr Spring City, TN 37381
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