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5081 Port Royal Rd
Spring Hill, TN 37174
332k/SF, 17.37AC. Entitled, Mixed-use PUD · Land For Sale · 17.37 AC

INVESTMENT HIGHLIGHTS

  • Fully Entitled, Mixed-Use MF: Live/Work/Play Concept, walkable, master planned community connected to greenway and multiple Subdivisions
  • Acres: 17.37 Acres
  • Retail (GLA): 62,000sf., with $34.00 sf. commercial lease average, 2 mile radius. Can scale down retail to increase Residential footprint.
  • Entitlement allows For Rent and For Sale: Residential/Retail/Restaurant/Office: 207 Unit Residential Apartments | 62,000sf. Retail GBA
  • (GBA): 331,961sf., 7 Buildings (Residential/Retail Mix)
  • CMA Retail For Sale Comps: $600+ Price/SF within the Spring Hill retail corridor.

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Office
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Restaurant
Total Lot Size 17.37 AC
No. Stories 1
Zoning CS Mixed-Use - Multi-Family Mixed-Use PUD

DESCRIPTION

Property is situated at the corner of Port Royal Rd. and Commonwealth. Property anchors the newly approved Countess Roundabout which will become a major thoroughfare connector of I-65 interchange Exit 56 to Buckner Ln. which interests with Duplex then Port Royal where our development is situated. Interstate Access: South Pointe Sq. has direct access to two major interchanges of Saturn Pkwy. and current under construction Exit 56 from I-65. The Project is situated at the newly approved Countess Roundabout that will help navigate traffic flow from the construction of the new I-65 interchange at Exit 65 in Spring Hill and exits at Buckner Rd. which leads to Duplex and the high traffic leads to Port Royal’s Countess Roundabout which also intersects at Commonwealth. Neighboring Retailers: Our subject site is close proximity to other area retailers such as Kroger Strip Center, Pending Publix development, Walgreens, McDonalds, Burger King, Taco Bell, Dunkin Donuts, multiple restaurants Titos, Zaxbys, Subway. Neighboring Medical Centers: Vanderbilt Medical/Children’s Hospital, Maury Regional Medical Center.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
028-005.02
Land Assessment
$454,320
Improvements Assessment
$16,360,040
Total Assessment
$16,814,360
  • Listing ID: 27571068

  • Date on Market: 1/23/2023

  • Last Updated:

  • Address: 5081 Port Royal Rd, Spring Hill, TN 37174

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