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610-713 Ermac DrNashville, TN 37214

3.75 acres, prime location, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 3.75-acre development site in Nashville, Tennessee, presents a unique investment opportunity. Located at 610-713 Ermac Dr, Nashville, TN 37214, this property boasts an ORI zoning designation, allowing for a diverse range of uses. Its strategic location adjacent to Nashville International Airport and a mere 15-minute drive from downtown Nashville provides unparalleled accessibility. The site is situated within a thriving employment hub, with over 19,000 jobs within a one-mile radius, ensuring a robust tenant pool for any development. The current market demand for high-quality housing in the Donelson-Hermitage submarket, with average new construction rents reaching $1,868 per unit ($2.18 per square foot), strongly suggests significant potential returns for residential projects. The flexibility of the ORI zoning allows for creative development options, including apartments, condos, short-term rentals (STRs), townhomes, hospitality, office, and retail spaces. This presents the possibility of a mixed-use development, creating a vibrant live-work community. The property offers both joint venture and outright sale options, catering to various investment strategies. This is a truly rare by-right opportunity with exceptional potential for substantial returns.

Highlights

  • Versatile zoning allows for apartments, mixed-use, condos, short-term rentals, or hospitality uses.
  • Unique development opportunity due to ORI zoning.
  • Located in a high-density employment area.
  • Available for joint venture or outright sale.
  • Strategically located within 4.5 miles of downtown Nashville.

Property Details for 610-713 Ermac Dr

Property type
Land
Lot Size (sq. ft)
163,350 SF

Location Insight

City
Nashville
County
Davidson
State
Tennessee
Latitude
36.151698
Longitude
-86.687434
610-713 Ermac Dr, Nashville, Tennessee

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610-713 Ermac Dr
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