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Listed by Matthew (Matt) Davis • Wilson Group Real Estate
$ 1,474,000
Est. payment | /mo
15,681 SqFt
$ 1,474,000
Est. payment | /mo
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 $93
MLS Listing ID 3206000
Year Built 1951
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Unimproved Land
Property Description
Adjacent office at 2702 Greystone also available for purchase adding an additional .26 acres
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 $3,500,000 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.
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 $3,500,000 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
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NEARBY SCHOOLS & PROPERTIES
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