505 Canovan Rd, Medon, TN 38356
This exceptional 560-acre property in Medon, Tennessee, presents a unique investment opportunity. Located at 505 Canovan Road, Madison County, zip code 38356, this expansive tract encompasses approximately 460 acres of timber and 90 acres of pasture/fields. The land boasts diverse topography, ranging from gently rolling hills to flat meadows, creating a visually stunning and ecologically rich environment. The property features a beautiful lake, an extensive internal road system, and miles of creeks, providing ample opportunities for recreation. The diverse habitat supports a thriving population of whitetail deer, along with small game, turkeys, and doves, making it an ideal location for hunting enthusiasts. Beyond hunting, the property offers potential for hiking, ATV riding, and other outdoor activities. The substantial lot size of 24,393,600 square feet provides ample space for various uses, from timber management to the development of a private retreat. This property is listed at $1,500,000 and represents an outstanding investment for those seeking a blend of recreational enjoyment and long-term potential. The property's prime location and abundant natural resources make it a truly remarkable offering.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.