Wallace Rd, Waverly, TN 37185
Property image
Property image
FOR SALE
5.8 ACRES

Wallace Rd
Waverly, TN 37185

    $87,000

    Est. Mortgage $542/mo*

    $87,000

    Est. Mortgage $542/mo*
    (on 5.80 acres)

    Local Information

    • Map ViewExplore the area around Wallace Rd.
    • Schools3 Preschool Schools4 Elementary Schools3 Middle Schools2 High Schools
    • Shop & Eat
    -- mins to
    Commute Destination

    Description

    Investors check out this 5.8 acre tract that's loaded with potential for commercial or residential development. Being located at the corner of Hwy 70 W and Wallace Rd in Waverly, TN, this property has both great visibility and accessibility. This tract boasts over 600 feet of road frontage on Highway 70 and has water, electric, and gas available. The lack of restrictions, the high traffic volume, and accessibility from two sides makes this spacious property ideal for profitable development. Located on the "Broadway of America", and situated halfway between Jackson and Nashville and only minutes away from Kentucky Lake access. This highly visible and high traffic location would be ideal for retail, office, or industrial use. Check out the many possibilities this tract has to offer.

    Home Highlights

    Parking
    No Info
    Outdoor
    No Info
    HOA
    None
    Price/Sqft
    No Info
    Listed
    144 days ago

    Home Details for Wallace Rd

    Active Status

    MLS Status: Active

    Interior Features

    Appliances & Utilities
    Utilities: Water Available
    Heating & Cooling
    No CoolingNo Heating
    View
    No View

    Exterior Features

    Exterior Home Features
    No Private Pool
    Frontage
    Road Frontage: County RoadRoad Surface Type: AsphaltNot on Waterfront
    Water & Sewer
    Sewer: None
    Surface & Elevation
    Topography: Level

    Days on Market

    Days on Market: 144

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land
    Building
    Not Attached Property
    Property Information
    Included in Sale: Land Only

    Price & Status

    Price
    List Price: $87,000
    Status Change & Dates
    Possession Timing: Close Of Escrow

    Location

    Direction & Address
    City: Waverly
    School Information
    Elementary School: Waverly ElementaryJr High / Middle School: Waverly Jr High SchoolHigh School: Waverly Central High School

    Agent Information

    Listing Agent
    Listing ID: 3135285

    Community

    Not Senior Community

    HOA

    No HOA

    Lot Information

    Lot Area: 5.8 Acres

    Listing Info

    Special Conditions: Standard

    Miscellaneous

    Mls Number: 3135285
    Last check for updates: about 7 hours ago
    Listing Provided by: Marcus L Vine
    Bill Collier Realty & Auction Co., (931) 296-2766
    Source: RealTracs MLS as distributed by MLS GRID, MLS#3135285

    Market trends in Waverly

    Last updated June 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    Sale-to-List Price
    Price per sq ft
    Available listings
    63
    3
    MoM

    Price History for Wallace Rd

    DatePriceEventSource
    02/25/2026$87,000Listed For SaleRealTracs MLS as distributed by MLS GRID #3135285

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    Comparable Sales for Wallace Rd

    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    0.95
    Lot/Land
    $374,000
    10/21/25
    -
    -
    1.99
    Lot/Land
    $4,250,000
    12/23/25
    -
    -
    2.14
    Lot/Land
    $191,800
    07/23/25
    -
    -
    2.99
    Lot/Land
    $130,000
    04/14/26
    -
    -
    3.31
    Lot/Land
    $137,500
    04/18/26
    -
    -
    3.42
    Lot/Land
    $214,900
    02/23/26
    -
    -
    3.65
    Lot/Land
    $500,000
    03/24/26
    -
    -
    4.13
    Lot/Land
    $160,000
    09/10/25
    -
    -
    4.43
    Lot/Land
    $35,000
    05/14/26
    -
    -
    4.08
    Lot/Land
    $215,000
    02/03/26
    -
    -

    Nearby homes

    Get a sense of prices in the area by checking nearby homes.
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    Assigned Schools

    These are the assigned schools for Wallace Rd.
    The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

    What Locals Say about Waverly

    At least 7 Trulia users voted on each feature.
    • 100 % Say there's holiday spirit

    • 100 % Say parking is easy

    • 91 % Say car is needed

    • 80 % Say yards are well-kept

    • 77 % Say there's wildlife

    • 77 % Say people would walk alone at night

    • 75 % Say streets are well-lit

    • 70 % Say kids play outside

    • 62 % Say it's dog friendly

    • 57 % Say it's quiet

    • 55 % Say it's walkable to restaurants

    • 51 % Say neighbors are friendly

    • 50 % Say there are community events

    • 44 % Say there are sidewalks

    • 33 % Say they plan to stay for at least 5 years

    • 30 % Say it's walkable to grocery stores

    Sourced by Trulia users. Learn more about our methodology.
    • D2vv4qm6d4
      "Great quiet place to live and friendly community. Dogs can be a problem but the serenity is worth it"
    • Bboyer35
      "Neighbors walk their dogs and the neighbors facial expression look pleasant.It is well lit for them to walk their animals. You see ample amount of people doing it daily."
    • casey w.
      "Super nice small town at the intersection on hwy 70 and hwy 13. small town living for you, this maybe the place to be..... "

    LGBTQ Local Legal Protections

    Marcus L Vine, Bill Collier Realty & Auction Co., (931) 296-2766
    Based on information submitted to the MLS GRID as of 2026-07-19 23:18:22 PDT. 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. Click here for more information
    Wallace Rd, Waverly, TN 37185 is a lot/land. This property is currently available for sale and was listed by RealTracs MLS as distributed by MLS GRID on Feb 25, 2026. The MLS # for this home is MLS# 3135285.