17168 Tn-59 Drummonds, TN 38023
Exceptional 318-acre commercial land opportunity in Drummonds, Tennessee, within Tipton County (zip code 38023). This property boasts breathtaking Mississippi River views from its elevated bluff location. The land offers a diverse composition, including tillable acreage currently leased for soybean production (annual lease, allowing for renegotiation or self-farming) and extensive wooded areas ideal for hunting whitetail deer, turkey, duck, and other small game. A conservation easement is in place, protecting the natural beauty of the land while permitting the construction of a personal residence and barn. This unique offering presents a rare chance to own a substantial property with income potential from existing agricultural leases, while enjoying the privacy and recreational benefits of a large, scenic estate. The property's location provides easy access to local amenities while maintaining a secluded and tranquil atmosphere. Asking price is $430,000.
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
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Property description
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No recorded transactions found for this property.
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Risks
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