For Sale
$239,000

329-335 Randall Fugate RdSpring City, TN 37381

Six-lot residential development near Watts Bar Lake.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 0.68-acre property in Spring City, Tennessee, presents a lucrative investment opportunity. Located at 329-335 Randall Fugate Road, 37381, this land boasts six developed lots, ideally situated near Watts Bar Lake and Arrowhead Marina. The property currently features two established tiny homes and four RV lots, each equipped with 20, 30, and 50-amp hookups and septic service. The existing infrastructure ensures immediate income generation. Beyond the developed lots, the property offers ample open space, perfect for expansion or recreational use, including a designated picnic area. Excellent on-site parking is available, catering to residents and guests. Its proximity to the lake and a public boat launch adds significant appeal. The property's current configuration, combined with its prime location and existing infrastructure, makes it an attractive investment with strong potential for future growth and rental income. This is a rare opportunity to acquire a multi-family residential land parcel with established income streams and significant upside potential in a desirable Tennessee location. The asking price is $239,000.

Highlights

  • Six lots near Watts Bar Lake.
  • Two existing tiny homes and four RV lots with hookups (20, 30, and 50-amp) and septic.
  • Ample open space with picnic area.
  • Excellent rental income potential.
  • Excellent on-site parking.
  • Convenient location near Arrowhead Marina and a public boat launch.

Property Details for 329-335 Randall Fugate Rd

Property type
Land, High-rise multifamily apartments
Lot Size (sq. ft)
29,621 SF

Location Insight

City
Spring City
County
Rhea
State
Tennessee
Latitude
35.7404323
Longitude
-84.7559515
329-335 Randall Fugate Rd, Spring City, Tennessee

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329-335 Randall Fugate Rd
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