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Listed by Linda Byrd • NextHome Music City Realty
$ 8,550,000
Est. payment | /mo
6,078 SqFt
$ 8,550,000
Est. payment | /mo
6,078 SqFt
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 6,078 sqft
Price per Sqft $1,406
MLS Listing ID 2688834
Year Built 1958
Lot Size 4.240 Acres
Acres 4.24
Property Sub-Type Unimproved Land
Property Description
Prime Redevelopment Opportunity to acquire a fully entitled 4.24-acre portfolio, approved for 228 units with a total Gross Building Area (GBA) of 220,000 SF. This offering includes (Parcel 1) 1.34 acres with 53 units approved under a Specific Plan (SP). GBA: 90,000 SF. (Parcel 2) 2.90 acres with 175 units approved under Mixed-Use Multi-Family (MUL-A) zoning. GBA: 130,000 SF. Metro's collective approval allows for up to 228 units across both parcels, with a combined GBA of 220,000 SF on 4.24 acres of contiguous development land. Key Highlights: 891 feet of prime road frontage along Charlotte Pike. No sidewalk requirement on Charlotte Pike—a significant cost-saving advantage. Located within a major retail corridor featuring Walmart, Lowe's, Target, Dick's Sporting Goods, and more, all within a 1/2 mile radius. Directly across from the Summit West and Novel West Apartments. Entitlements: Parcel 1 (SP): Approved on October 22, 2022. Parcel 2 (MUL-A): Approved on August 15, 2023.
Location
State TN
County Davidson County
Zoning SP & MULA
Interior
Fireplace N
Exterior
Roof Type Shingle
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