About 302 Water St
Investor Special – Cash Buyers Take Notice! Unlock the potential of this fixer-upper situated on a desirable corner lot in Petersburg. This spacious home is full of character and timeless charm, featuring two beautiful original fireplaces, a classic farmhouse design, a welcoming covered front porch, and a durable metal roof. Major improvements have already been completed, including updated electrical and plumbing, providing a solid foundation for your renovation. While the home needs cosmetic updates and repairs, it offers an outstanding opportunity to restore its historic charm and build instant equity. Whether you're looking for your next flip, rental property, or renovation project, this home has the potential to become a true showpiece. Conveniently located in a quiet small-town setting with easy access to Lewisburg and Fayetteville. The property is located in a designated flood zone, which is common for this area. Property is being sold As-Is. Cash or conventional financing preferred.
Features of 302 Water St
| MLS® # | 3282482 |
|---|---|
| Price | $59,900 |
| Bedrooms | 3 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 1,771 |
| Acres | 0.37 |
| Year Built | 1900 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 302 Water St |
|---|---|
| City | Petersburg |
| County | Lincoln County, TN |
| State | TN |
| Zip Code | 37144 |
Amenities
| Utilities | Water Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Electric Range |
|---|---|
| Heating | None |
| Cooling | None |
| Fireplace | Yes |
| # of Fireplaces | 2 |
| # of Stories | 2 |
Exterior
| Roof | Metal |
|---|---|
| Construction | Vinyl Siding |
School Information
| Elementary | Unity School |
|---|---|
| Middle | Unity School |
| High | Lincoln County High School |
Additional Information
| Date Listed | July 15th, 2026 |
|---|---|
| Days on Market | 62 |
| Foreclosure | No |
| Short Sale | No |
| Data Source | REALTRACS as distributed by MLS GRID |
Listing Details
| Office | Keller Williams Russell Realty & Auction |
|---|