Current Use by Public Records
- Specialty properties
Property Details for 0 Otis Plunk Rd
- Property type
- Specialty properties
- Property subtype
- Land
Description
This exceptional 67.3-acre property in Bethel Springs, Tennessee, presents a unique investment opportunity. Located at 0 Otis Plunk Road, 38315, this rural wooded tract offers prime hunting land with existing income potential. Currently leased to a gun club for $1,000 annually, plus the club covers $1,000,000 in insurance on the land. The lease is easily terminated. The expansive 2,931,588 square foot lot provides ample space for building a private residence, enjoying the tranquility of the countryside, or pursuing other development opportunities. The seller is open to owner financing options, requiring a minimum 50% down payment or offering a second mortgage for up to 10% of the down payment. Additionally, the seller is willing to subdivide the land into minimum 10-acre lots, and is offering up to $10,000 in buyer closing allowances with a full-price offer. This property offers a blend of income generation, recreational use, and development potential, making it an attractive investment in a serene Tennessee setting.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bethel Springs
- County
- McNairy
- State
- Tennessee
- Longitude
- -88.5969
- Latitude
- 35.2665
