Prime Unrestricted 1.5+ Acre Opportunity Near LMU & Norris Lake

ByUnited States

Prime Unrestricted 1.5+ Acre Opportunity Near LMU & Norris Lake – Flexible Use, Rental Potential & Endless Possibilities

If you’re searching for an affordable, flexible, and high-demand piece of land with multiple avenues for personal use or income generation, this unrestricted 1.5+ acre offering is an exceptional opportunity. Perfectly situated just minutes from Lincoln Memorial University and the scenic shores of Norris Lake, this property combines convenience, privacy, and potential in one well-positioned tract. Whether you’re an investor, a student looking for housing close to campus, a family in need of a starter home, or an entrepreneur seeking land with development possibilities, this versatile acreage provides an excellent foundation for nearly any vision.

A Rare Find: Unrestricted Land in a Prime Location

Unrestricted properties are increasingly difficult to find—especially those located in areas experiencing steady growth, rising rental demand, and expanded economic development. This 1.5+ acre parcel offers the freedom to build, expand, rent, or redesign according to your goals, without the limitations of HOA rules or restrictive covenants.

You have the freedom to:

  • Add additional mobile homes

  • Build a cabin or tiny house

  • Create multiple rental units

  • Set up short-term rentals or student housing

  • Construct a garage, workshop, or storage building

  • Develop a private retreat with gardens and outdoor space

  • Park RVs, boats, or equipment

This level of flexibility makes the land extremely valuable, especially given its proximity to major local attractions and year-round demand for housing.

Existing 2BR/1BA Mobile Home – Immediate Use or Income

The property includes a 2-bedroom, 1-bath single-wide mobile home, offering a ready-made structure that can be used right away with minimal updates. For investors seeking quick returns, this unit is ideal for generating rental income almost immediately after light touch-ups. Student housing demand in this area is consistently strong due to the property’s close distance to LMU—making it an appealing option for parents, students, or landlords.

For personal use, the mobile home provides:

  • A comfortable living space

  • Affordability

  • Privacy

  • Room to expand

  • The ability to live on-site while improving or developing the land

A bit of minor TLC such as new paint, updated flooring, or basic cosmetic improvements can significantly elevate the home’s appeal and rental value. With utilities already accessible, the property offers a functional starting point without the expense or complexity of undeveloped raw land.

Ideal for Investors, Students & Seasonal Renters

Because of its strategic location near LMU and Norris Lake, this property appeals to a wide range of renters and buyers:

Students & Faculty

Lincoln Memorial University continues to grow, increasing demand for affordable housing, especially rentals that offer privacy and proximity to campus. This property sits just minutes from the university—an ideal commuting distance while still providing quiet surroundings.

Recreational Travelers

Norris Lake draws visitors year-round for boating, fishing, swimming, and outdoor recreation. Short-term rentals in the area can generate excellent seasonal income.

Long-Term Tenants

Local workers, young families, and retirees frequently look for affordable long-term rentals, particularly those offering privacy and outdoor space.

Investors

With unrestricted land, investors can expand the number of structures, create multiple rentals, or further develop the property for long-term return.

Whether used as a rental, a flip project, or a transitional property to support future development, the income potential is undeniable.

A Peaceful Setting with Room to Grow

The property’s 1.5+ acres provide ample space for expansion, recreation, and outdoor living. With no restrictions in place, you have full creative control over the layout and use of the land. Mature trees, open spaces, and a quiet environment make it ideal for anyone seeking a private retreat away from crowded neighborhoods and noise.

If you want a garden, fenced yard, firepit area, workshop, or even a second dwelling, this land offers the necessary room and flexibility. Its shape and layout lend themselves to a variety of uses, from practical development to personal enjoyment.

Proximity to Norris Lake – A Bonus for Outdoor Lovers

Norris Lake is one of Tennessee’s most treasured recreational destinations. Known for its crystal-clear water, extensive shorelines, fishing opportunities, and scenic natural beauty, it’s a major draw for both full-time residents and vacationers. Being just minutes away significantly elevates the property’s value and rental potential.

Imagine weekend boating trips, fishing outings, kayaking, or quiet lakeside afternoons—without ever having to travel far. For those considering short-term rentals, proximity to Norris Lake is a major selling point.

Convenient Access to Shops, Schools, Medical Facilities & More

Beyond LMU and Norris Lake, the surrounding area provides:

  • Grocery stores

  • Medical care facilities

  • Pharmacies

  • Restaurants and cafes

  • Hardware and supply stores

  • Parks and recreation areas

This makes the property ideal for year-round living, seasonal stays, or long-term rentals. The combination of convenience and rural privacy is hard to find—and in high demand among renters and buyers alike.

Endless Potential for Customization & Development

Because the land comes without restrictions, you have nearly unlimited potential to shape the property according to your needs. Options include:

Residential Use

  • Build a custom home

  • Add an additional tiny home or cabin

  • Expand the existing mobile home

  • Create a multi-unit rental layout

Investment Use

  • Long-term rentals

  • Short-term airbnb-style units

  • Student housing

  • Additional mobile homes

Recreational Use

  • RV parking or hookups

  • Boat storage

  • Outdoor entertainment areas

  • Garden or mini-farm

Hybrid Use

Live in one unit and rent the other. Build a second structure while using the existing home. Develop gradually over time while generating revenue.

There is virtually no limit to what you can create here.

A High-Demand Area with Strong Long-Term Value

Properties near LMU and Norris Lake have shown consistent appreciation due to ongoing growth, rising student enrollment, seasonal tourism, and increasing demand for flexible, affordable housing. Because this land is unrestricted and already improved with a mobile home, it holds even greater long-term value.

Whether you plan to use it for personal living, rental income, development, or resale, this tract stands out as a smart, versatile investment.

Seller Says: Bring All Offers!

Motivated sellers mean motivated opportunity. If you’ve been searching for an affordable entry point into land ownership, income property, or a personal retreat, now is the time to act. Unrestricted land in this location is becoming more rare, more valuable, and more competitive.

A Unique Opportunity You Don’t Want to Miss

With over 1.5 acres of unrestricted land, an existing mobile home, proximity to LMU and Norris Lake, and the flexibility to develop however you choose, this property offers possibilities rarely found at this price point. Whether you envision building, renting, expanding, or simply settling into a peaceful setting close to everything, this tract provides the perfect foundation.

Schedule a showing or submit your offer today—opportunities like this don’t stay available for long.

Listed on Zillow

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