0 Otis Plunk Rd Bethel Springs, TN 38315
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.
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.