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    3 Star Rd Sparta, TN 38583

    Sponsored
    For Sale
    $99,900

    1.2-Acre Commercial Lot, Waterfall Feature, Excellent Investment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 1.2-acre commercial lot, identified as Lot 3 N Star Rd, presents a unique investment opportunity in Sparta, Tennessee. Priced at $99,900, this property boasts a substantial 52,272 square feet of land (APN: 037 001.20) and a captivating natural feature: a waterfall located on the property itself. Its secluded location on N Star Rd offers peace and tranquility, yet provides convenient access to amenities. A short 20-minute drive connects you to the shopping and dining options in Sparta, while various boat launches and marinas, including Sligo Marina on Center Hill Lake, are less than 45 minutes away. The proximity to the Upper Cumberland airport (within 30 minutes) further enhances its appeal. This property's size is ideal for a variety of uses, including a permanent residence, vacation home, or investment property. The manageable lot size minimizes upkeep while still providing ample space for enjoyment. The combination of natural beauty, convenient location, and versatile potential makes this a truly remarkable offering. This is a rare opportunity to own a piece of Tennessee's natural landscape with significant investment potential.

    Property Features for 3 Star Rd

    General Information

    Property type
    Land

    HighLights

    • 1.2‑acre commercial lot in Sparta, TN, priced at $99,900.
    • 52,272 square feet (APN: 037 001.20) with an on‑site waterfall.
    • Secluded location with convenient access to Sparta amenities (20‑minute drive).
    • Less than 45 minutes to Center Hill Lake marinas and boat launches.
    • 30‑minute proximity to Upper Cumberland Airport.
    • Suitable for residential or investment purposes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Hair Salon Nail Salon HVAC Service Bar & Pub Garden Center Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sparta
    County
    White
    State
    Tennessee
    Longitude
    -85.3962769
    Latitude
    35.9577959

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    FAQs

    What type of property is this?
    Land - 1.2-Acre Commercial Lot, Waterfall Feature, Excellent Investment
    Where is this land located?
    The property is located at 3 Star Rd Sparta, TN.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: 1.2-acre commercial lot in Sparta, TN, priced at $99,900.; 52,272 square feet (APN: 037 001.20) with an on-site waterfall.; Secluded location with convenient access to Sparta amenities (20-minute drive).
    (931) 400-8820
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    3 Star Rd Sparta, TN 38583
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    Sparta, TN 38583
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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
    3 Star Rd Sparta, TN 38583
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