400 Summit Chase Rd Cedar Grove, TN 38321

Property Details for 400 Summit Chase Rd

Property type

Commercial real estate

Description

This remarkable 353-acre property in Cedar Grove, Tennessee, presents a unique investment opportunity. Located conveniently between Memphis and Nashville, and approximately 15 minutes from Lexington and 20 minutes from Jackson, this expansive land boasts diverse features ideal for various ventures. The former Falcon Ridge Golf Course includes two stunning spring-fed lakes (approximately 20 and 11 acres), stocked for fishing, and surrounded by 150+ acres of hardwood timber and several smaller ponds. Existing infrastructure includes paved roads, cart paths, water, electricity, and sewer access. Multiple buildings are on-site, including a former golf shop, clubhouse, and equipment shed. A significant addition is a newer, 2,504 sq ft modular home, a 2,200 sq ft pavilion, and a wired 2,322 sq ft metal shop with four 10x10 doors. Over six miles of paved trails enhance accessibility throughout the property. Some fairways and greens have already been planted, offering a head start for potential redevelopment. With no restrictions, this property is suitable for a private retreat, campground, a new golf course, or a unique residential subdivision. The asking price is $2,240,000. The total lot size is 257,004 square feet.