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15,681 SqFt
15,681 SqFt
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 15,681 sqft
Price per Sqft $108
MLS Listing ID 3112225
Year Built 1951
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Unimproved Land
Property Description
Redevelopment Opportunity: Prime infill site in Nashville with potential for 3–4 story mixed-use redevelopment. Preliminary site plan supports 47 residential units plus ground-floor retail.
Land Basis: Offered at $4,000,000 total site cost. Strong upside for developers targeting condo sellout or mixed-use rental hold.
Conceptual Program: ±40,280 SF gross; ~32,000 RSF residential, ~8,000–10,000 SF retail. Unit mix includes studios, 1BR, and 2BR formats.
Market Drivers: Located in a rapidly growing Nashville submarket with strong demographics, new infill residential, and demand for boutique condo/retail product.
Pro Forma Returns: At base case condo pricing ($575/SF), projected exit of ~$20M. Upside scenario ($625–650/SF) supports 20%+ IRR for equity investors.
Flexible Exit Strategies: Works as condo sellout, boutique multifamily rental, or repositioned mixed-use asset.
Location
State TN
County Davidson County
Zoning Commercial
Interior
Fireplace N
Others
Special Listing Condition Standard
Nearby Locations
- 9
Purpose Preparatory
Public | KG - 4
- 8
Rose Park Math/ Science Middle Magnet
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STEM Preparatory Academy
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- 7
Eakin Elementary School
Public | PK - 4
- 7
Head Middle Mathematics - Science Magnet
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- 6
Metro Nashville Virtual School
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- 6
Lead Preparatory Southeast
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- 6
New Vision Academy
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- 5
John T. Moore Middle School
Public | 5 - 8
- 4
Nashville Preparatory
Public | 5 - 12
- 4
Carter Lawrence Elementary Magnet
Public | PK - 4
- 4
Cameron College Preparatory
Public | 5 - 8
- 4
Norman Binkley Elementary School
Public | PK - 4
- 4
Croft Middle Design Center
Public | 5 - 8
- 4
Glencliff Elementary School
Public | KG - 4
- 3
Murrell School
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- 2
John B Whitsitt Elementary School
Public | PK - 4
- 2
Wright Middle School
Public | 5 - 8
- 1
Fall- Hamilton Elementary Enhanced Option
Public | PK - 4
- 0
Linden Waldorf School
Private | PK - 8
- 10
Martin Luther King Jr Magnet School
Public | 7 - 12
- 0
Cameron Middle School
Public | 7 - 8
- 0
Boy's Preparatory
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- 10
Hume - Fogg High Academic Magnet
Public | 9 - 12
- 7
Nashville School of the Arts
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- 5
Hillsboro High School
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- 2
John Overton Comprehensive High School
Public | 9 - 12
- 2
Glencliff High School
Public | 9 - 12
- 0
Father Ryan High School
Private | 9 - 12
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