36 Zara Spook Dr, Cedar Grove, TN 38321
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.
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.