For Sale
$225,000

0 Otis Plunk RdBethel Springs, TN 38315

Prime hunting land, buildable, owner financing.

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • $225,000 asking price for 67.3 acres of land.
  • Located in Bethel Springs, TN, in McNairy County, zip code 38315.
  • Currently leased to a gun club for $1,000 annually, plus the club pays the $1,000,000 insurance coverage. Lease is terminable.
  • Suitable for residential development, offering privacy and tranquility.
  • Owner financing available with 50% down payment or up to 10% down with seller financing.
  • Seller will consider subdividing into minimum 10-acre lots.

Property Details for 0 Otis Plunk Rd

Property type
Specialty properties, Land

Location Insight

City
Bethel Springs
County
McNairy
State
Tennessee
Latitude
35.2664873
Longitude
-88.5968705
Otis Plunk Rd, Bethel Springs, Tennessee

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0 Otis Plunk Rd
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