$8,650,000
For Sale

7220 Charlotte Pike

Nashville, TN 37209
6078 sqft | 4.24 acres | #2688834
Listing OfficeNextHome Music City Realty
Browse 7 photos
Type:Purchase
Structure:Land
Zone:Commercial

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.

  • Property Details
      • Acres4.24
      • Square Feet6078
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1958
  • Community and Neighborhood Details
      • CountyDavidson County, TN
  • Financial Details
      • Original List Price$8,650,000
  • Other
      • MLS #2688834

Location

Mack Meeks | Century 21 Prestige MonteagleReal Estate Group
$
years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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