1201 Cir Dr Selmer, TN 38375
This exceptional 2.4-acre parcel, encompassing 104,544 square feet, presents a unique opportunity for residential development within the city limits of Selmer, Tennessee. Located at 1201 Circle Drive, this property boasts a convenient location, a short distance from Selmer's town center, offering easy access to local amenities and services. The land currently features an older house that will require demolition, providing a blank canvas for the construction of a new home. This presents a rare chance to build a custom residence on a sizable lot in a desirable area. The property's substantial size allows for ample space for a home, landscaping, and potential outdoor features. With its convenient location and generous lot size, this property is ideal for those seeking to build their dream home in a peaceful yet accessible setting within the thriving community of Selmer, TN. The property is located in McNairy County and has a zip code of 38375. The asking price for this remarkable opportunity is $40,000.
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
Physical attributes from public recordsZoning & alternative use
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.