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Property profile & analytics
OFF-MARKET
Land

28 Eagle Rdg Pkwy Butler, TN 37640

3.2 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 3.2-acre commercial lot in the prestigious Eagle Bay gated community of Butler, Tennessee (APN: 097 098.00), is priced at $155,000 ($48,437.50/acre). Boasting breathtaking lake and mountain views, this RES-zoned property offers unparalleled potential. Located on Eagle Rdg Pkwy, zip code 37640, it's a short distance from a private marina with covered boat slips and a boat ramp, along with community amenities such as fire pits, BBQ grills, and picnic tables. Underground utilities are in place, ensuring a seamless building process. The property enjoys proximity to Watauga Lake, consistently ranked among the cleanest lakes in the US, offering 104.9 miles of shoreline, much of it protected national forest. Nearby attractions include the Watauga Lake Winery, a local Mercantile, Villa Nove Farm & Vineyard, and easy access to Boone, NC, and Johnson City, TN. This location provides a unique blend of tranquility and convenience, ideal for a variety of development opportunities. The property's serene setting, coupled with its convenient location, makes it a compelling investment opportunity in one of East Tennessee's most desirable areas. All information should be verified by the buyer.

Property profile
Verified
Property type Land
Lot 3.2 ac (139,392 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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