7220 Charlotte Pike - 228 Unit SP/MUL-A Newly Entitled, W.Nashville
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7220 Charlotte Pike - 228 Unit SP/MUL-A Newly Entitled, W.Nashville
4.24 Acres of Commercial Land Offered at $8,650,000 in Nashville, TN 37209
Investment Highlights
- 8 miles to Downtown Nashville! Close proximity Charlotte Pike I-40 EXIT 201 (3/4 mile)
- Bordering Multi-Family Apartments: Summit at Nashville West, NOVEL West Nashville, Sterling Nashville West
- ZONING ASSEMBLAGE: SP Entitled & MUL-A Fully Approved as of August 15, 2023!
- Heavy Traffic Corridor with Big Box Retailers- 1/2 Mile to Walmart/Lowes, 1 mile to Nashville West- Target, Costco, Dicks Sporting Goods
- ROAD FRONTAGE: 891 Feet. Secondary rear parcel expands 904ft.
Executive Summary
Price Improvement! Fully Entitled, 4.24 acre, 228 Unit approved, GBA-220k SF. Portfolio Entitlement includes 1.34ac (SP) and 2.9ac. (MUL-A) Mixed-Use/Multi-Family approved parcel.
Existing commercial building 6,078sf. for teardown only.
Parcel Assemblage includes:
Parcel 1: 53 Units, 1.34AC., fully Entitled (SP) approved plan, GBA-90,000sf.
Parcel 2: 175 Units, 2.90AC., Fully Entitled (MUL-A,) Mixed-use, Multi-Family, GBA-130,000sf. Metro’s approval collectively allows density up to 228 Units, GBA-220,000sf., 4.24AC. for the development.
891ft. of road frontage along Charlotte Pike, no sidewalk required along Charlotte Pike. Situated in a Major Retail corridor within 1/2 mile radius, Walmart, Lowes, Target, Dicks Sporting Goods etc. Across from Summit West and Novel West Apartments.
Zoning Approvals: 1.34/AC (SP) Achieved October 22, 2022 | 2.90/AC (MUL-A) Achieved August 15, 2023
Charlotte West Flats presents an incredible opportunity for investors/developer. This multiple parcel portfolio, located at 7220 & 0 Charlotte Pike in Nashville, Tennessee, offers a total of 4.24 acres of prime land. The parcel assemblage includes both fully entitled (SP) and newly approved mixed-use (MUL-A) zoning, allowing for a combined development of 228 units approved with a total gross building area (GBA) of 220,000 square feet.
The property's strategic location provides easy access to Downtown Nashville, which is just 8 miles away. Situated in a heavy traffic corridor, with notable retailers such as Walmart, Lowe's, Target, Costco, and Dick's Sporting Goods in close proximity, this property offers immense potential for retail mixed-use development. Surrounded by existing multi-family apartments, such as Summit at Nashville West, NOVEL West Nashville, and Sterling Nashville West, Charlotte West Flats aligns perfectly with the growing demand for high-quality housing in the area. Exclusive agents Linda Byrd and Alexa Bass are available to provide further information and discuss the vast potential of this project. Don't miss out on this exceptional investment opportunity in one of Nashville's most sought-after locations.
Existing commercial building 6,078sf. for teardown only.
Parcel Assemblage includes:
Parcel 1: 53 Units, 1.34AC., fully Entitled (SP) approved plan, GBA-90,000sf.
Parcel 2: 175 Units, 2.90AC., Fully Entitled (MUL-A,) Mixed-use, Multi-Family, GBA-130,000sf. Metro’s approval collectively allows density up to 228 Units, GBA-220,000sf., 4.24AC. for the development.
891ft. of road frontage along Charlotte Pike, no sidewalk required along Charlotte Pike. Situated in a Major Retail corridor within 1/2 mile radius, Walmart, Lowes, Target, Dicks Sporting Goods etc. Across from Summit West and Novel West Apartments.
Zoning Approvals: 1.34/AC (SP) Achieved October 22, 2022 | 2.90/AC (MUL-A) Achieved August 15, 2023
Charlotte West Flats presents an incredible opportunity for investors/developer. This multiple parcel portfolio, located at 7220 & 0 Charlotte Pike in Nashville, Tennessee, offers a total of 4.24 acres of prime land. The parcel assemblage includes both fully entitled (SP) and newly approved mixed-use (MUL-A) zoning, allowing for a combined development of 228 units approved with a total gross building area (GBA) of 220,000 square feet.
The property's strategic location provides easy access to Downtown Nashville, which is just 8 miles away. Situated in a heavy traffic corridor, with notable retailers such as Walmart, Lowe's, Target, Costco, and Dick's Sporting Goods in close proximity, this property offers immense potential for retail mixed-use development. Surrounded by existing multi-family apartments, such as Summit at Nashville West, NOVEL West Nashville, and Sterling Nashville West, Charlotte West Flats aligns perfectly with the growing demand for high-quality housing in the area. Exclusive agents Linda Byrd and Alexa Bass are available to provide further information and discuss the vast potential of this project. Don't miss out on this exceptional investment opportunity in one of Nashville's most sought-after locations.
Property Facts
1 Lot Available
Lot
| Price | $8,650,000 | Lot Size | 4.24 AC |
| Price Per AC | $2,040,094 |
| Price | $8,650,000 |
| Price Per AC | $2,040,094 |
| Lot Size | 4.24 AC |
Level terrain where the buildings will be situated, hilly at the rear of the property. Contiguous parcels 1.34AC and 2.9AC for total acreage of 4.24AC.
Description
Contiguous parcel portfolio.
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $6,291 | |
| Land Assessment | $93,656 | Total Assessment | $99,947 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$93,656
Improvements Assessment
$6,291
Total Assessment
$99,947
zoning
| Zoning Code | SP/MUL-A (Collective parcels: SP & MUL-A (Fully Entitled)) |
| SP/MUL-A (Collective parcels: SP & MUL-A (Fully Entitled)) |
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7220 Charlotte Pike - 228 Unit SP/MUL-A Newly Entitled, W.Nashville
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