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1608 Lebanon Pike - Lebanon Pike - CS Zoning

0.56 Acres of Commercial Land Offered at $999,900 in Nashville, TN 37210

Investment Highlights

  • High Traffic Area

Financial Summary (Actual - 2024)

Annual Annual Per AC
Gross Rental Income $40,800 $72,857.14
Other Income - -
Vacancy Loss - -
Effective Gross Income $40,800 $72,857.14
Taxes $2,018 $3,603.57
Operating Expenses $3,300 $5,892.86
Total Expenses $5,318 $9,496.43
Net Operating Income $35,482 $63,360.71

Financial Summary (Actual - 2024)

Gross Rental Income
Annual $40,800
Annual Per AC $72,857.14
Other Income
Annual -
Annual Per AC -
Vacancy Loss
Annual -
Annual Per AC -
Effective Gross Income
Annual $40,800
Annual Per AC $72,857.14
Taxes
Annual $2,018
Annual Per AC $3,603.57
Operating Expenses
Annual $3,300
Annual Per AC $5,892.86
Total Expenses
Annual $5,318
Annual Per AC $9,496.43
Net Operating Income
Annual $35,482
Annual Per AC $63,360.71

Property Facts

Price $999,900
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 0.56 AC

1 Lot Available

Lot

Price $999,900
Price Per AC $1,785,536
Lot Size 0.56 AC

Description

This phenomenal two-parcel (1606 and 1608 Lebanon Pike) land development opportunity in a rapidly growing area currently housing two fully occupied duplexes on the property. Parcels are to be sold together and will not be sold separately. The property is zoned CS and supports an abundance of commercial uses including AUTO SALES! If residential development is what you're seeking, see the attached preliminary site plan design for an 11-unit development.

zoning

Zoning Code CS
CS
  • Listing ID: 32001998

  • Date on Market: 6/3/2024

  • Last Updated:

  • Address: 1608 Lebanon Pike, Nashville, TN 37210

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