3 Highway 232 Stewart, TN 37175
This exceptional 15.77-acre tract in Stewart, Tennessee, presents a unique opportunity for residential and commercial development. Located on Highway 232, the property boasts 499 feet of state road frontage, providing excellent accessibility. Utilities are readily available, including electricity and fiber optic internet. The land is ideal for a homesite, offering a peaceful countryside setting with abundant wildlife, including deer and wild turkey. Its proximity to Kentucky Lake and boat launches adds recreational appeal. The property is newly surveyed with marked property lines, and there are no restrictions, zoning, or homeowner association fees. A Greenbelt tax program is in place, and the buyer will need to recertify for continued benefits. This versatile property is perfect for those seeking a tranquil retreat or a strategic investment. Additional acreage may be available. The asking price is $119,000. The property is zoned for both commercial and residential use. This is a rare opportunity to own a substantial piece of land in a desirable location.
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.