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1647 Old Highway 99

47.6 Acres of Commercial Land Offered at $12,400,000 in Columbia, TN 38401

Investment Highlights

  • Entitled for 331 Build to rent stand-alone and town homes
  • Convenient drive to Franklin, Cool Springs & Brentwood
  • Opportunity for commercial development with numerous homes permitted to be constructed
  • Located at Exit #46 of I-65

Executive Summary

Prime investment opportunity for a build-to-rent community.
Entitled for 331 Units (Stand-Alone & Town Homes).
Utilities to the site include a forced main sewer line along the eastern boundary with surplus capacity.

Property Facts

Price $12,400,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Apartment Units
  • Neighborhood Center
Total Lot Size 47.60 AC

1 Lot Available

Lot 018.00

Price $12,400,000
Price Per AC $260,504.20
Lot Size 47.60 AC

Dev. Opp. at I-65 Exit 46 (Hwy. 412/99/Bear Creek Pike). Site Plan Approved for 331 Single: Family Detached & Town Homes. Convenient access. Utilities to the site include a forced main sewer line along the eastern boundary with surplus capacity.

Description

+/-47.60 Acres ready for development. Located at Exit #46 on I-65 and accesses Hwys 412, & 99 and Bear Creek Pike. Just on the south side of Nashville this property is an easy drive to Franklin, Cool Springs & Brentwood. The surrounding area is full of development. The interstate exit has just received a full overhaul to include a new bridge, exits and entrance ramps as well as traffic lights on each side of the interchange.

zoning

Zoning Code PUD-R from R-40 (A Planned Unit Development - Site Plan approved for 331 Units to rent units: 186 SFD/Single-Family Detached & 145 TH/Townhomes)
PUD-R from R-40 (A Planned Unit Development - Site Plan approved for 331 Units to rent units: 186 SFD/Single-Family Detached & 145 TH/Townhomes)
  • Listing ID: 29280490

  • Date on Market: 8/15/2023

  • Last Updated:

  • Address: 1647 Old Highway 99, Columbia, TN 38401

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