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Property profile

Loretto Busby Rd Loretto, TN 38469

OFF-MARKET
Land
4 ac lot
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Property summary

AI-generated overview

This exceptional 4-acre commercial land parcel presents a unique opportunity for development in Loretto, Tennessee. Located on Busby Road in Lawrence County, this property offers a tranquil country setting while remaining conveniently close to town amenities. The asking price is $51,500. The expansive lot provides ample space for a variety of commercial ventures, from small businesses to larger-scale projects. A significant advantage is the availability of public water access, ensuring basic utilities are readily available, simplifying the development process and reducing initial infrastructure costs. This eliminates the need for extensive upfront investment in utility establishment, making this property particularly attractive for developers seeking a streamlined project. The property's location in Lawrence County, TN, offers a blend of rural tranquility and proximity to urban conveniences. The picturesque landscape provides a serene environment, ideal for businesses seeking a peaceful setting for their operations. This blank canvas awaits your vision, offering the potential to create a thriving commercial enterprise in a desirable location. The property's zoning and potential uses should be verified independently. Don't miss this chance to acquire a substantial piece of land with significant development potential in a growing area. The zip code is 38469.

Property profile

Verified
Property type Land
Lot 4 ac (174,240 SF)

Cap rate & NOI

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

Location

Loretto Busby Rd Loretto, TN 38469
Loretto 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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