Courtesy of Compass RE.
Property Description
Amazing opportunity not seen in decades to buy a rare Rm40: Multi Family (40 Units An Acre) zoned lot. Directly adjacent to Belmont University w/three (3) sides of egress from 18th Ave South, Magnolia Blvd, & Acklen Ave. The redevelopment possibilities for this land are exciting as the underlying land use policy code of DMI (District Major Institutional) allows for a myriad of uses. The existing multi-family building houses 10 units & could be remodeled for a long term cash flowing hold, but the opportunity here lies in redeveloping your vision for a new building in the shadow of Belmont, Hillsboro Village, and Music Row. This sale also comes with 1810 Magnolia Blvd (vacant Rm40 zoned land). Serious inquiries only please, proof of funds are required for a site visit & building access.
Property Details and Features
- Basement
- Description: “Other”
- Bathrooms
- Full Bathrooms: 10
- Half Bathrooms: 0
- Bedrooms
- Total Bathrooms: 10
- Main Level Bedrooms: 3
- Building
- Finished Area Above Grade: 8244
- Area: 10838
- Building Area: 10838
- Construction Materials: “Brick”
- Levels: “Three Or More”
- Stories: 3
- Year Built: 1935
- Year Built Details: EXIST
- Effective Year built: 1935
- Cooling
- Details: “Wall/Window Unit(s)”
- Floors
- Flooring: “Finished Wood”
- Garage
- Garage Spaces: 0
- Heating
- Heating: “Other”
- Listing
- Days on Market: 0
- Listing Price: 5700000
- Status: Active
- Location
- Address: 1708 Acklen Ave
- City: Nashville
- State: TN
- Zip: 37212
- County: Davidson County, TN
- Subdivision: Belmont Park Co
- Directions: Get on I-24 E from James Robertson Pkwy. Continue on I-24 E. Take I-40 W and I-65 S to Wedgewood Ave. Take exit 81 from I-65 S. Continue on Wedgewood Ave. Drive to Acklen Ave. Destination will be on the left.
- Lot
- Features: “Level”
- Acres: 0.24
- Size: 0.24
- Dimensions: 65 X 170
- Size Source: Assessor
- Size Units: Acres
- Parking
- Covered Spaces: 0
- Parking Total: 0
- Schools
- Elementary: Eakin Elementary
- Middle/Junior High: West End Middle School
- High School: Hillsboro Comp High School
- Utilities
- Sewer: “Public Sewer”
- Water Source: “Public”
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