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4442 Pratt Ln - Franklin, TN - Prime Investment Opportunity

19.45 Acres of Commercial Land Offered at $5,600,000 in Franklin, TN 37064

Investment Highlights

  • Close Proximity to I-65 interchange and I-840!
  • Located Within Significant Growth Area!
  • Future Zoning Will Allow for Ample Development!

Executive Summary

Nashville's exponential growth has created a ripple effect, making surrounding areas like this one ripe for investment. The opportunities in this region are truly endless, offering a fast-paced investment opportunity with the potential for substantial future growth. Williamson County, where the property is located, is experiencing significant growth, providing ample opportunities to develop current assets into lucrative ventures. It's a strategic time to consider investing in this property as it holds the promise of both immediate returns and long-term value. Future zoning will allow for ample development.
Discover this 19.45 +/- acres of prime development land in Franklin, Tennessee, just a stone’s throw away from the vibrant hub of Nashville. As Nashville blooms with opportunities, this proximity offers developers a coveted chance to help shape the future of Middle Tennessee. Franklin and Williamson County continue to be one of the fastest growing areas in the nation and Williamson County has one of the strongest economies in the nation. Franklin was voted as one of the top ten places to live by Money Magazine in 2023. Situated near the I-65 interchange and I-840, this location is a developer’s dream, promising ample prospects for growth and innovation.
Projections for this area include a new I-65 interchange or a flyover to Lewisburg Pike, expansion of Carothers Pkwy to Peytonsville Rd, as well as widening Peytonsville Rd to 5 lanes. This area is in high demand as the City of Franklin just passed its Envision Franklin plan detailing the city’s plan for growth. As part of this plan, this parcel’s approximately and future zoning has been marked Mixed Residential. While currently in the county, the property can easily be annexed into the city.
Noteworthy is its adjacency to the Ramsey Event Center, underscoring the prestige and potential of this area in Franklin, Tennessee. The property presents an incredible opportunity for real estate developers due to its prime location and favorable characteristics. Situated in a high growth area with Fortune 500 companies as well as other well-established companies nearby, this lot of land offers immense potential for redevelopment. The terrain of the land makes it an ideal canvas for various development projects, whether it be commercial, residential, or mixed-use. The proximity to established businesses not only ensures a built-in customer base but also enhances the property’s value and desirability. With its excellent location, growing surroundings, and ideal topography, this property stands as a lucrative prospect for any real estate developer looking to make a significant impact in the area.
The property’s diverse structures offer a range of possibilities for new developments and enhancements, making it a truly versatile and promising investment opportunity. The property boasts a 2,976+/- sf single-family home, a charming 1,134 sf cottage, a six-stall barn measuring 30×60 feet, and a tractor shed spanning 24×60 feet.
Franklin, Tennessee, stands out as a unique blend of history and modern charm. As a neighbor to the music capital of the world, Franklin boasts a beautiful historic district that reflects its 200 years of rich history. Its hospitable environment coupled with a range of amenities including shopping, restaurants, and antique shops make it a truly wonderful place to live. Franklin presents an amazing opportunity for those seeking a blend of heritage and contemporary living.
Embrace this opportunity to be at the forefront of Nashville’s expansion and carve your mark in this dynamic landscape!

Data Room Click Here to Access

Property Facts

Price $5,600,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Condo
Total Lot Size 19.45 AC

1 Lot Available

Lot

Price $5,600,000
Price Per AC $287,918
Lot Size 19.45 AC

19.45 +/- acres

Description

The property boasts a 2,976+/- sf single-family home, a charming 1,134 sf cottage, a six-stall barn measuring 30×60 feet, and a tractor shed spanning 24×60 feet.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
117-042.02
Land Assessment
$37,750
Improvements Assessment
$96,200
Total Assessment
$133,950

zoning

Zoning Code MR (RD-5 currently getting rezoned and annexed into the city (mixed residential district))
MR (RD-5 currently getting rezoned and annexed into the city (mixed residential district))
  • Listing ID: 32112476

  • Date on Market: 6/12/2024

  • Last Updated:

  • Address: 4442 Pratt Ln, Franklin, TN 37064

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