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    36 Zara Spook Dr, Cedar Grove, TN 38321

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    AI-generated overview

    This exceptional 6-acre property, located at 36 Zara Spook Drive in the gated Indian Lake community of Cedar Grove, Tennessee (zip code 38321), presents a unique investment opportunity. Boasting a generous 252,648 square feet of land, this parcel offers a multitude of possibilities. Currently configured for recreational use, the property features three full 50-amp camper hookups, perfect for RV enthusiasts. A level, graveled circle drive ensures easy access and maneuverability for RVs. Mature trees provide privacy and a tranquil setting. Residents enjoy access to the community's 100-acre lake, ideal for fishing and kayaking. A fire pit adds to the outdoor recreational appeal. The property's versatility extends beyond recreational use; its ample size allows for the construction of a residential dwelling, such as a house or cabin, making it an attractive option for those seeking a permanent residence in a peaceful, natural environment. This property is zoned for both commercial and residential use, offering flexibility for a variety of development plans. The location within the secure Indian Lake community provides added peace of mind. This is a rare opportunity to acquire a substantial parcel of land with existing infrastructure in a desirable Tennessee location.

    Property profile
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    Property type Land
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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