For Sale
$6,000,000

551 Spence Ln Nashville, TN 37210

High-visibility 4-acre site, ideal for development.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 4.03-acre commercial property is situated at the highly visible I-40 Exit Ramp #213 in Nashville, Tennessee, boasting 161,482 daily car counts. Located on Spence Lane near downtown, this unique corner lot offers unparalleled interstate frontage between the Nashville Airport and just five miles from the central business district. Previously a CSX Railroad property, the site has undergone extensive preparation, including track removal and land filling by Rogers Group Aggregate and Vulcan. The property is zoned IR and is priced at $6,045,000 ($1,500,000 per acre), with the possibility of subdivision into parcels as small as one acre, depending on the intended use. Development plans for a truck stop/gas station and a hotel, prepared by Roy Dale Engineering, are available. The site features a central drainage area, creating two connected sides accessible via a rear drive area. Its prime location and high traffic volume make it ideal for a variety of uses, including gas stations, truck stops, hotels, auto dealerships, auto service centers, event spaces, and retail centers. This is a rare opportunity to acquire a highly desirable commercial property in a rapidly growing area of Nashville. The property's address is 551 Spence Lane, Nashville, TN 37210, and its APN is 106-07-0-069.00.

Highlights

  • High-visibility corner lot at I-40 Exit Ramp #213, signalized intersection.
  • 4.03-acre site, previously CSX Railroad property (tracks removed), filled by Rogers Group Aggregate and Vulcan.
  • Zoned IR; subdividable into parcels as small as 1 acre, priced at $1.5M/acre ($6.045M total).
  • Excellent for various uses including gas station, truck stop, hotel, auto dealership, service center, event space, or retail.
  • Exceptional I-40 frontage, high daily traffic counts (161,482 vehicles), located between Nashville Airport and downtown (5 miles).

Property Details for 551 Spence Ln

Property type
Retail properties, Grocery and convenience stores
Lot Size (sq. ft)
175,547 SF

Location Insight

City
Nashville
County
Davidson
State
Tennessee
Latitude
36.141654771484
Longitude
-86.721666180872

FAQs

What type of property is this?
Retail property - High-visibility 4-acre site, ideal for development.
Where is the retail property located?
The property is located at 551 Spence Ln Nashville, TN.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: High-visibility corner lot at I-40 Exit Ramp #213, signalized intersection.; 4.03-acre site, previously CSX Railroad property (tracks removed), filled by Rogers Group Aggregate and Vulcan.; Zoned IR; subdividable into parcels as small as 1 acre, priced at $1.5M/acre ($6.045M total).
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551 Spence Ln
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