4007 Ml RdNashville, TN 37076

  • Land
  • 2.14 AC
For Sale
$1,300,000 View listing

Property Details for 4007 Ml Rd

Lot size
2.14 AC
Zone code
CL
Property type
Land
Property subtype
Commercial land
APN
097-00-0-112-00
APU
9700011200

Description

This exceptional 2.14-acre commercial land parcel presents a prime development opportunity in Nashville's thriving Hermitage area. Strategically located at the intersection of I-40 West, Old Hickory Boulevard, and Mills Road, this fee-simple property boasts unparalleled visibility and accessibility. Zoned "CL" for commercial use, it offers significant potential for a variety of developments, including hotels, self-storage facilities, retail centers, or single-tenant commercial buildings. All utilities are conveniently located at the Mills Road frontage. The property's proximity to Nashville International Airport (within 4 miles), downtown Nashville (9.1 miles), and the Hermitage Estate adds to its desirability. Nearby amenities include numerous restaurants, gas stations, grocery stores, and other retail establishments. The property has already received approvals for both hospitality and self-storage projects. This exceptional site is priced competitively at $1,300,000, offering a compelling investment opportunity in a rapidly growing market. The parcel's APN is #097-00-0-112.0. This is a rare chance to acquire a well-situated commercial land tract with significant upside potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $18,432,432
    Hospitality
    $16,884,008
    Educational
    $14,047,296
    Medical
    $14,530,404
    Retail
    $21,851,350
4007 Ml Rd, Nashville, Tennessee

Location Insight

City
Hermitage
County
Davidson
State
Tennessee
Latitude
36.1677
Longitude
-86.6014
CBSA code
34980
CBSA name
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,086
$105,600
-
$105,600
-
$264,000
-
$264,000

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