0 Walnut Log Ln Union City, TN 38261
This exceptional 38,768.4 square foot commercial and residential land parcel presents a unique investment opportunity on the shores of Reelfoot Lake in Union City, Tennessee. Located at 0 Walnut Log Lane, zip code 38261 (Obion County), this almost-acre lot offers unparalleled waterfront access, with deed rights extending to both sides of the road and down into the lake itself. The property's versatility allows for the construction of a variety of structures, including a residential home, a vacation cabin, or a lodge, catering to diverse investment strategies. Imagine creating your own personal retreat or developing a lucrative rental property, capitalizing on the area's high demand for lakefront accommodations. The possibility of building a boathouse provides year-round access to the lake for recreational activities. Reelfoot Lake is renowned for its exceptional fishing, duck hunting, and deer hunting, making this location highly attractive to outdoor enthusiasts. A state boat ramp is conveniently located just a short distance away, enhancing the property's accessibility and appeal. This is a rare chance to own a piece of Tennessee's natural beauty and establish a profitable venture in a highly sought-after location. The asking price for this remarkable property is $179,000.
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
Similar Nearby for Lease
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.