7220 Charlotte Pike, Nashville, Tennessee 37209

TN, Nashville
$8,650,000
  • Active Status
  • 168 Dayz On Cribz Total Days
  • Commercial Sale Property Type
  • 6078 Total Sqft $1,423/sqft
  • 1958 Year Built
Property 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
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • MLS #: 2688834
  • Price: $8,650,000
  • Year Built: 1958
  • Lot Area: 4.24 Acre
  • Office Name: NextHome Music City Realty
  • Agent Name: Linda Byrd
  • Property Sub Type: Unimproved Land
  • Roof: Shingle
  • Listing Status: Active
Location Info
  • Street Number: 7220
  • Street: Charlotte Pike
  • City Nashville
  • State TN
  • Zipcode 37209
  • County Davidson County, TN
  • Longitude: W87° 5' 14.3''
  • Latitude: N36° 7' 26.2''
  • Zoning: SP & MULA
  • Directions: From Nashville take 440 West toward Memphis, 1.4 miles to I-40W for 4.7 miles to Exit 201 Charlotte Pike, take right turn for 08 miles on Charlotte Pike, the property is on the right 7220 Old Charlotte Pike, Nashville TN 37209 across from Summit West Apts
Additional Info
  • Building Size: 6,078
  • On Market Date: August 7th, 2024
  • Previous Price: $8,650,000
Listing Data
  • Co List Agent Full Name: Alexa Bass
  • Co List Office Name: NextHome Music City Realty
  • Mls Status: Active
  • Originating System Name: RealTracs
  • Special Listing Conditions: Standard, Owner Agent
  • Modification Timestamp: Aug 16th, 2024 @ 6:04pm
  • Status Change Timestamp: Aug 8th, 2024 @ 12:25am
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