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Property profile

59 Lakeside Ln Decaturville, TN 38329

OFF-MARKET
Land
1.37 ac lot
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Property summary

AI-generated overview

This exceptional 1.37-acre commercial property, located at 59 Lakeside Lane in New Tazewell, Tennessee (zip code 38329), presents a unique investment opportunity. Situated on the Tennessee River, this land encompasses five adjoining lots (Lots 5, 6, 37, 38, and 39) currently operating as part of Mermaid Marina. The asking price for this combined parcel is $250,000. A significant feature is the existing camper carport situated on Lot 6. This structure is generously sized to accommodate two campers and is equipped with essential utilities including electricity, water, and a septic system. The property's prime riverfront location offers substantial potential for various commercial ventures, capitalizing on the recreational opportunities associated with the Tennessee River. The Decatur County location provides convenient access to nearby amenities and attractions. This is a rare chance to acquire a substantial riverfront commercial land holding with existing infrastructure, ideal for development or continued operation as a recreational camping area. The property's latitude and longitude coordinates are 35.5291444 and -88.1096118 respectively. This offering is a turnkey opportunity for an investor seeking a profitable venture in a desirable location.

Property profile

Verified
Property type Land
Lot 1.37 ac (59,677 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

59 Lakeside Ln Decaturville, TN 38329
Decaturville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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