Residential Land for Sale in Iron City, Tennessee
538 Mount Nebo Rd, Iron City, TN 38463
OWNER/AGENT DISCLOSURE: Seller is a licensed Tennessee Principal Broker selling as a principal. Incredible investor opportunity on 2 unrestricted acres near the TN/AL line! This 3BR/1.5BA property is an AS-IS value-add play with massive equity upside. The layout features an attached 2-car garage perfectly positioned for an easy 4th or 5th bedroom conversion to instantly maximize your After Repair Value (ARV). Offered exclusively via a short-term lease with an option to purchase. Requires a minimum 10% non-refundable option fee up front, monthly lease terms between $950-$1,000, and standard tenant-buyer screening. Buyer assumes all inspection burdens (septic, plumbing, HVAC, utilities) at their own expense. Contractor line-item repair estimate is available upon request with proof of funds. Principal-to-principal inquiries only
- Listed by Shavonda Polk, (615) 933-5157, Polk Property Real Estate
Location
- Street address
- 538 Mount Nebo Rd
- County
- Lawrence County
- Zip code
- 38463
- Community
- Near /TN Alabama Line
- Elevation
- 813 feet
Directions
From Saint Joseph take 227 1.5 miles, turn right onto Mt. Nebo Rd. Look for Pointer signs !y
Property details
- Acreage
- 2 acres
- Zoning
- Residental
- Access
- Public road
- MLS #
- REALTRACS 3164464
- Posted
Property taxes
- Recent
- $825
Parcels
- 156 06202 000
Details and features
Listing
- Type
- Land
- Current Use
- Residential
- Financing
- Conventional, Owner Lease Purchase, Seller Financing
- Inclusions
- Land and Buildings
- Possession
- Negotiable
Lot
- Size Source
- Assessor
- Terrain
- Cleared, Level
- Cultivated
- 2 acres
- Road Frontage
- City Street
- Road Surface
- Paved
- View
- City
- Features
- Cleared, Level
Structure
- Water
- Private
- Sewer
- Septic Tank
Interior
- Security
- Carbon Monoxide Detector(s), Smoke Detector(s)
Property utilities
| Category | Type | Status |
|---|---|---|
| Water | Public | Available |
| Sewage | Septic System | Available |
Nearby schools
| Name | Type |
|---|---|
| Leoma Elementary | Elementary |
| Leoma Elementary | Middle |
| Loretto High School | High |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| June 24, 2026 | Price increase | $150,000 | $2,100 1.4% | REALTRACS |
| June 20, 2026 | Price drop | $147,900 | $3,100 -2.1% | REALTRACS |
| June 19, 2026 | Price drop | $151,000 | $1,000 -0.7% | REALTRACS |
| May 24, 2026 | Price drop | $152,000 | $3,000 -1.9% | REALTRACS |
| May 16, 2026 | Relisted | $155,000 | — | REALTRACS |
| May 1, 2026 | Listing removed | $155,000 | — | Property seller |
| Apr 29, 2026 | Price drop | $155,000 | $899 -0.6% | REALTRACS |
| Apr 20, 2026 | Price drop | $155,899 | $1 0% | REALTRACS |
| Apr 12, 2026 | Price drop | $155,900 | $11,600 -6.9% | REALTRACS |
| Mar 31, 2026 | Price drop | $167,500 | $2,400 -1.4% | REALTRACS |
| Mar 29, 2026 | New listing | $169,900 | — | REALTRACS |
Payment calculator
Based on information submitted to the MLS GRID as of July 4, 2026 7:00 pm MT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. View more