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    Unionville Rd Chapel Hill, TN 37034

    For Sale
    $260,000

    Prime 5.23-acre commercial lot in Chapel Hill, TN.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 5.23-acre commercial land parcel presents a unique opportunity in Chapel Hill, Tennessee. Located at 0 Unionville Rd, zip code 37034, this property boasts a convenient location close to town. Previously part of a larger 10.23-acre parcel, this recently redivided lot is ready for development. A 4-bedroom septic permit and well permit are already in place, simplifying the building process. Supporting documentation, including well receipts and the old survey, are available. Gigabit fiber internet access is also available, ensuring modern connectivity. While taxes have yet to be assessed, the property's potential is undeniable. The sale is subject to certain restrictions, prohibiting mobile/modular homes, junkyards, commercial swine or poultry operations, commercial livestock feed lots, commercial storage units, and cemeteries. Note that the tax map still reflects the original 10.23-acre parcel. An additional 5-acre parcel is available separately (MLS#2585478), featuring a soil site suitable for a 3-bedroom home and a well. The asking price for this 5.23-acre lot is $260,000. Please be aware that there is currently an accepted offer with a contingency clause dependent on the buyer's property sale, and the buyers retain a 48-hour right of refusal.

    Property Features for 0 Unionville Rd

    General Information

    Property type
    Land
    Lot Size
    227,819 SF

    HighLights

    • $260,000 asking price.
    • 5.23‑acre commercial land parcel in Chapel Hill, TN.
    • Approved 4‑bedroom septic permit and well permit.
    • Located near town with gigabit fiber internet access.
    • Subject to restrictive covenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Chapel Hill
    County
    Marshall
    State
    Tennessee
    Longitude
    -86.668048
    Latitude
    35.6346938

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    FAQs

    What type of property is this?
    Land - Prime 5.23-acre commercial lot in Chapel Hill, TN.
    Where is this land located?
    The property is located at Unionville Rd Chapel Hill, TN.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: $260,000 asking price.; 5.23-acre commercial land parcel in Chapel Hill, TN.; Approved 4-bedroom septic permit and well permit.
    Request Owner's contact information
    Unionville Rd Chapel Hill, TN 37034
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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
    Unionville Rd Chapel Hill, TN 37034
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