1828 Jefferson StNashville, TN 37208

Property Details for 1828 Jefferson St

Year built

1931

Lot size

0.16 AC

Property size (Sq ft)

1,254 SF

Zone code

MULTI-ZONE

Property type

Parking lots & garages

APN

092-03-0-024-00

APU

9203002400

Description

This exceptional 0.16-acre commercial lot at 1828 Jefferson St in Nashville, TN, presents a turnkey investment opportunity. Located in the vibrant North Nashville area, just one block from Meharry Medical College, this property boasts approved grading permits, a site plan, and architect plans for five non-owner-occupied short-term rental townhouses. The strategic location near Meharry, Fisk, and Tennessee State Universities ensures high demand for housing, while its proximity to downtown Nashville and major interstates provides unparalleled convenience. Capitalize on Nashville's booming short-term rental market with this ready-to-build project. The property is zoned for commercial use and situated within a dynamic neighborhood experiencing significant revitalization, featuring expanding retail, dining, and entertainment options. This is an ideal opportunity for investors seeking immediate development potential in a high-growth area. The asking price is $800,000. The property is in Davidson County, zip code 37208.

• CAP approach

  CAP return

  Valuation

  6%

  $318,448

  6.5%

  $293,952

  7%

  $272,955

• Comparable approach

  Method

  Valuation

  Relative Method

  $272,020

  Geo Method

  $272,020

• Alternative Use

  Use

  Valuation

  Residential

  $247,959

  Hospitality

  $227,129

  Educational

  $188,969

  Medical

  $195,468

  Retail

  $293,952

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Latitude

36.1693

Longitude

-86.8092

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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