116 Zara Spook, Cedar Grove, TN 38321
This exceptional 6.6-acre lot (287,496 sq ft), located at 116 Zara Spook (Lot 139) in the desirable gated community of Indian Lake, Cedar Grove, Tennessee (zip code 38321), presents a unique opportunity for commercial or residential development. The property boasts a level terrain, ideal for construction. Situated within a professionally managed community endorsed by Jimmy Houston, this location offers unparalleled access to recreational amenities. Enjoy a short, three-minute walk to the community pavilion and boat dock, complete with complimentary boat slips. Indian Lake itself is renowned for its excellent fishing, with opportunities to catch bream, crappie, catfish, and trophy bass. Kayaking enthusiasts will also appreciate the serene waters. The asking price for this remarkable property is $75,000. This quiet, friendly community provides the perfect setting for building a dream home, a fishing cabin, or exploring various commercial ventures. The property is conveniently located in Carroll County, Tennessee, offering easy access to local amenities and attractions. This is a rare opportunity to own a substantial piece of land in a highly sought-after location. Don't miss out on this chance to secure your piece of paradise.
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
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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.