447-451 Murfreesboro Pike
Nashville, TN 37210
Opportunity Zone - 160 Unit Apartment Plan · Land For Sale · 1.58 AC

1.58 total acres between two parcels on the corner of Murfreesboro Pike and Fesslers Lane. Super high traffic area, zoned CS with many potential uses. Located in an Opportunity Zone. One property is a fast food restaurant (vacant) and another is a dental office (occupied). Less than 2.5 miles (under 10 minutes) from downtown Nashville. Direct drive to downtown with no need for Highway driving. About 1/4 mile from Trevecca University. Existing buildings on property can potentially provide income while redevelopment project is being designed and approved. Preliminary plan has been created for 160 unit multifamily. In addition to being located in an Opportunity Zone the Property is also in an Urban Services District which qualifies it for Metros "Adaptive Residential Provision". This provision encourages adaptive reuse of commercial areas within the Urban Services District creating a "by-right" planning phase of high density mixed-use or residential development. This saves a minimum of 8-12 months of what would otherwise be a costly rezoning approval process. See the "Murfreesboro Pike Offering - Apartment Concept" document for more details. A few of the other best uses permitted at the site based on the zoning are: - Assisted Care Living - Medical Care - Outpatient clinic - Bar/nightclub - Car Wash - Funeral Home - Hotel/motel - Brewery (nano) - Warehouse - Commercial Amusement (inside / outside) - Rehearsal Hall - Office - Retail Sold as a portfolio: 447 Murfreesboro Pike and 451 Murfreesboro Pike