938 Allen RdNashville, TN 37214

Property Details for 938 Allen Rd

Lot size

0.46 AC

Zone code

CL

Property type

Parking lots & garages

APN

096-13-0-181-00

APU

9613018100

Description

This exceptional 0.46-acre commercial land parcel presents a unique investment opportunity in Nashville, Tennessee. Located at 938 Allen Road, Davidson County, zip code 37214, this property is zoned CS - Commercial Service and offers significant potential for development. The site boasts convenient access to major thoroughfares, including the intersection of Allen Road and Donelson Pike, and is situated just north of Interstate 40, providing easy connectivity to the entire Nashville Metropolitan Statistical Area. The property is owned by Circle K Stores, Inc. and comes with specific use restrictions. Prospective buyers should be aware that the land cannot be used for the sale of food or food products, dairy products, coffee or coffee-based products, soft drinks (except through vending machines or in a sit-down restaurant/bar), convenience store operations, gasoline or motor fuels, electronic cigarettes, cigarettes, tobacco products, beer and wine for off-premises consumption, food trucks, lottery tickets, self-service or full-service car washes, national discount variety stores (including but not limited to Dollar General, Dollar Tree, 99 Cents Only, or Family Dollar), or any use ancillary to these restricted activities (including parking lots or stormwater retention ponds). The parcel's APN is 096-13-0-181-00. The asking price for this strategically located commercial land is $1,800,000. This property offers a compelling opportunity for investors seeking a well-positioned site in a thriving market, subject to the outlined use restrictions. Detailed zoning information and site plans are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $5,088,561

  6.5%

  $4,697,133

  7%

  $4,361,624

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,346,675

  Geo Method

  $4,346,675

• Alternative Use

  Use

  Valuation

  Residential

  $3,962,208

  Hospitality

  $3,629,361

  Educational

  $3,019,586

  Medical

  $3,123,434

  Retail

  $4,697,133

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Latitude

36.1509

Longitude

-86.6653

CBSA code

34980

CBSA name

NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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