Development-ready Multifamily Land

Vacant Land for Sale
Catylist Listing ID: 30587182
Property Subtypes: Multi-Family
Gross Land Area: 13 Acres
Sale Price: $4,900,000
Unit Price: $376,923 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/15/2020

Overview / Comments

These 13 acres are located in an approved PUD in Nashville, TN. This land has already been approved for 177 units and is ready for construction. Land work already completed for the 177 units includes: rock blasting and compacting, mass grading, storm water detention ponds, storm water primary pipes, all utilities on the property, and a traffic light has been installed. A preliminary plat was submitted and approved for the 177 units. A final plat was submitted and approved for 56 of the 177 units meaning that construction is ready to begin on those 56 units. The current owners planned to build a mix of townhomes and small, garden style buildings. This development-ready land lays flat on a quite bluff that overlooks Brentwood. The property is located 5 miles from Brentwood, 9.5 miles from downtown Nashville, and 14 miles from Franklin. This area has seen continued growth with the addition of many large retailers and restaurants nearby.

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Additional Details

Nearest MSA: Nashville-Davidson--Murfreesboro--Franklin
County: Davidson
Tax ID/APN: 16100030700
Zoning: RM15
Property Visibility: Excellent
Topography: Level
Available Utilities: Electric, Water, Sewer, Storm Drain, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,547 85,829 186,646
Median Age: 31.85 33.97 34.12
Households: 5,301 33,597 73,224

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