302 Water St, Petersburg, TN 37144

• 3 beds |
• 1 bath |
• 1,771 sqft

Property Description

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.

Listing Status:

Active

Date Added:

July 16, 2026

Data Last Updated:

August 10, 2026 at 11:20PM

Listing Office:

Keller Williams Russell Realty & Auction : 9319935037

Listing Agent:

Brent Perryman : 9319935037

MLS ID:

3282482

Interior

• Appliances: Electric Range
• Basement: None
• Flooring: Wood
• A/C: None
• Heating: None
• Fireplace: Living RoomWood BurningFireplaceFireplaces: 2

Exterior

• Other Structures: PorchCovered
• Parking: Parking spaces: 0

Construction

• Roofing: Metal
• General: Two

Location

• Originating MLS: realtrac
• County: Lincoln CountyTN

Lot

• Zoning: 006O D 00800 000

Utilities

• Utilities: Water Available
• Water: Private
• Sewer: Septic Tank

Financial

• Source: realtrac