78 Smith St Martin, TN 38237
Exceptional development opportunity awaits at 78 Smith Street, Martin, Tennessee. This 19,906.92 square foot (approximately 0.457-acre) lot presents a unique blend of residential and commercial potential. Currently zoned R-3 (High Density Residential), the property allows for a wide range of development options, including single-family homes, multi-family units, apartments, or townhouses. Its strategic location also offers adjacency to a B-2 (Intermediate Business) zone, opening doors to potential rezoning for even greater flexibility. The property's versatility makes it an ideal canvas for a variety of projects, catering to diverse development goals. Note that a semi-trailer and a small car parking area, owned and used by Reynolds Brothers, currently occupy a portion of the lot. The seller has informed Reynolds Brothers of the property's sale, and future use arrangements can be negotiated directly with them by the buyer. This prime piece of land in a growing community offers an exceptional chance to create a significant development. The asking price for this remarkable property is $30,000.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.