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551 Spence Ln - Gas station/Hotel/Auto I-40Exit213 Nashville 4.02 Acres of Commercial Land Offered at $7,500,000 in Nashville, TN 37210
INVESTMENT HIGHLIGHTS
- 4 Acres (IR) at Interstate Exit Ramp 5 Miles from CBD. Ideal for Gas Station, Truck Stop, Auto Dealership, Hotel, Equipment Sales, Event Space.
EXECUTIVE SUMMARY
5 Miles from Nashville CBD Downtown.
Ideal for Gas Station, Truck Stop, Auto Dealership, Hotel, Equipment Sales, Event Space.
Address: 551 Spence Lane, Nashville, TN
Zoned IR – Industrial Restrictive, which allows for most commercial uses.
Total 4.03 ACRES priced at $7,500,000
Great interstate visibility from Interstate frontage on I-40 between the Nashville Airport and 5-miles from Downtown CBD.
Traffic Counts on I-40 are 161,482 cars per day.
I have attached a lot of information, including a proposed Truck Stop/Gas station sample siteplan and a proposed Hotel siteplan done by Roy Dale engineering.
- 4.03 Acres FOR SALE and the 1st property at top of the Exit Ramp and HIGHLY VISIBLE from the interstate I-40, exit #213 between the Nashville airport and downtown. The land sits facing the exit Ramp TRAFFIC LIGHT. Formerly a CSX Railroad property (tracks have been removed) and site was filled by Rogers Group Aggregate and Vulcan. There is a drainage area in the middle basically creating 2 sides that are connected by a rear drive area.
- Traffic Counts on I-40 are 161,482 cars per day.
- Zoned IR. See 2 possible Development Plans attached.
- Previously leased for trailer parking, generating strong rental income.
Total 4.03 ACRES priced at $7,500,000
PROPERTY FACTS
| Price | $7,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 4.02 AC |
| Property Type | Land | ||
| Zoning | IR - Industrial Restrictive | ||
| Price | $7,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 4.02 AC |
| Zoning | IR - Industrial Restrictive |
1 LOT AVAILABLE
Lot
| Price | $7,500,000 | Lot Size | 4.02 AC |
| Price Per AC | $1,865,671.64 |
| Price | $7,500,000 |
| Price Per AC | $1,865,671.64 |
| Lot Size | 4.02 AC |
Unique 4.03 Acre Corner Lot facing the interstate I-40 Exit Ramp #213 at Traffic light. Formerly CSX Railroad property (tracks removed). Zoned Industrial Restrictive (IR) allows most commercial uses. Ideal Gas, Truck Stop, Auto Dealership.
DESCRIPTION
Unique 4.03 Acre Corner Lot facing the I-40 Exit Ramp #213 at Traffic light. 5 Miles from Nashville CBD Downtown. Ideal for Gas Station, Truck Stop, Auto Dealership, Hotel, Equipment Sales, Event Space. Address: 551 Spence Lane, Nashville, TN Zoned IR – Industrial Restrictive, which allows for most commercial uses. Total 4.03 ACRES priced at $7,500,000 Great interstate visibility from Interstate frontage on I-40 between the Nashville Airport and 5-miles from Downtown CBD. Traffic Counts on I-40 are 161,482 cars per day. I have attached a lot of information, including a proposed Truck Stop/Gas station sample siteplan and a proposed Hotel siteplan done by Roy Dale engineering. - 4.03 Acres FOR SALE and the 1st property at top of the Exit Ramp and HIGHLY VISIBLE from the interstate I-40, exit #213 between the Nashville airport and downtown. The land sits facing the exit Ramp TRAFFIC LIGHT. Formerly a CSX Railroad property (tracks have been removed) and site was filled by Rogers Group Aggregate and Vulcan. There is a drainage area in the middle basically creating 2 sides that are connected by a rear drive area. - Traffic Counts on I-40 are 161,482 cars per day. - Zoned IR. See 2 possible Development Plans attached. Total 4.03 ACRES priced at $7,500,000
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551 Spence Ln - Gas station/Hotel/Auto I-40Exit213 Nashville
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