7220 Charlotte Pike
Nashville, TN 37209
Multi-Fam. Entitled (SP) 53 Units+ W. Nash. · Land For Sale
·
1.34 AC
Investment Highlights
- 53 Unit Multi-Fam. with Garage Parking. 180 unit potential with purchase of bordering parcel that qualifies for potential Mixed-use base zoning.
- Zone: Fully Entitled (SP)as of October 18, 2022.
- 1 Mile from Retail Strip Center: Nashville West Shopping Center
- Close proximity to Charlotte EXIT 201
- Bordering Multi-Family Apartments: Summit at Nashville West, NOVEL West Nashville, Sterling Nashville West
- Location Situated at Major Transportation Collector
Property Facts
| Property Type | Land | Proposed Use | |
| Property Subtype | Commercial | Total Lot Size | 1.34 AC |
| Zoning | SP - Fully Entitled SP Plan Approved. Secondary parcel in process MUL-A mixed use. | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.34 AC |
| Zoning | SP - Fully Entitled SP Plan Approved. Secondary parcel in process MUL-A mixed use. |
Description
Charlotte West Flats, Iconic Flatiron Style Concept, (53 units) 4 Level Multi-Family Apartment/Condo with Garage Level Below w/89 parking spaces. Gateway to Nashville West, Target/Walmart Retail Corridor. See Attached Map For Area (Closed Sales) Of Neighboring Multi-Family. High Traffic, Zoning is Commercial (SP) Approved Plan With Metro Davidson County. Purchase Fronts 0 Charlotte across from The Summit Nashville West Apartments. 90,000sf. GBA Building Footprint, 1.34ac. 40 Units Per Ac. allowed can increase unit count with bordering acreage which can be purchased separately. Priced well below market for multi-family land sales with this density. There is an opportunity to increase density with bordering owner contract which parcel is candidate for mixed-use. Call Broker for higher density details. Metro Council approved (SP) entitlement October 18, 2022. GPS address to locate property 7220 Charlotte Pike, Nashville TN 37209. Located across from The Summit at Nashville West 7201 Charlotte Pike, which recently sold (190 Units) on 7/2021 for $57mm/ $303k per unit as well as neighboring Novel/Formerly Cortland West Nashville, (436 Units), 7113 Charlotte for $155mm @ $355k per door/$387.50/SF.
