601 Medical Park Dr, Madison, Tennessee 37115

TN, Madison
$4,000,000
  • Canceled Status
  • 143 Days Off Market Sorry Charlie 🙁
  • Land Property Type
Property Description

This Property combined 3 Parcels of Raw Land ONLY ( MUL-A ZONING ) which has NO restrictions on building 70 separate units of NON OWNER OCCUPIED SHORT TERM RENTALS or STR’s or you could build Apartments with this current zoning. The plans are fully approved by Metro for 70 units of Townhomes. PLUS there are 3 parcels to build single family homes that cannot be Short Term Rentals . For a Total of 73 units. (70 Townhomes and 3 single family homes )on all 3 parcels. We have all engineered drawings from Dale and Associates. We also have bids from our dirt and infrastructure contractors and bids to construct the vertical buildings. From those bids we feel the cost will be105k per build ready pads (built in 4 separate phases) that includes the land and infrastructure. #1 Phase is 17 Units. This is an extremely different kind of land because land zoned MUL-A is normally apartment developments. I would possibly consider a partnership/JV

Property Details
  • Property Type: Land
  • Listing Type: For Sale
  • MLS #: 2652335
  • Price: $4,000,000
  • View: City
  • Lot Area: 5.95 Acre
  • Office Name: eXp Realty
  • Agent Name: Dean Nelson
  • Listing Status: Canceled
Location Info
  • Street Number: 601
  • Street: Medical Park Dr
  • City Madison
  • State TN
  • Zipcode 37115
  • County Davidson County, TN
  • Subdivision Larkin Springs Short Term Rentals
  • Longitude: W87° 18' 54.4''
  • Latitude: N36° 15' 22.6''
  • Zoning: MUL-A
  • Directions: It's 4 miles from The Home Depot in East Nashville to the property, Go Gallitan Pike 3.3 miles out of East Nashville Toward Madison Tn, Turn Right on Neely's Bend go 1.6 miles , Turn Left on Larkin Springs, Land is Half a mile down on the right
Features
  • Utilities Water Available
  • Sewer Public Sewer
Schools
  • Elementary School: Neely's Bend Elementary
  • Middle School: Madison Middle
  • High School: Hunters Lane Comp High School
Additional Info
  • Water Source: Public
  • Current Use: Unimproved
  • Lot Features: Corner Lot
  • On Market Date: May 7th, 2024
  • Previous Price: $4,000,000
Financial
  • Annual Tax Amount: $3,000
Listing Data
  • Mls Status: Canceled
  • Originating System Name: RealTracs
  • Special Listing Conditions: Owner Agent
  • Modification Timestamp: Oct 5th, 2024 @ 6:45pm
  • Status Change Timestamp: Oct 5th, 2024 @ 6:44pm
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