Two Lots Available in Five Points, Nashville, TN

[Steven Gough]

Hello

We have a unique opportunity for anyone interested in developing two lots right in the heart of Five Points! Location! Location! Location! It just doesn't get any better than this.

This is currently an off market deal, that is Direct to Seller, we are the owners. This is not a wholesale deal. We are putting this opportunity out to a select group of developers and investors before we list it on the MLS.

The address is:

949 Russell St

Nashville, TN 37206

Just to give a rough example if someone went all in developing the lots they could build two 5,677 sq ft houses. (given historical would allow them to - would depend on construction documents submitted - Historical has say over metro zoning)

Developer Costs:

Cost to build properties: (going rate for custom in middle TN around $120 per sq ft) = $681,240 each

If houses sold for $265 per sq ft - $1,504,405 each

Realistically we think the 2 houses will be a little smaller with possibly a DADU behind each and will sell for around $1M - $1.2M each. 

That being said the property could be left as one and developed as is, the choice is yours.

We have plot drawings.  

If you are interested and want to see the plot drawings, would like to make an offer or have any questions please message me.

Thanks for your time and interest!

Have a fantastic day!