7220 Charlotte Pike, Nashville, TN
$8,650,000
4.24
Acres
About 7220 Charlotte Pike
Prime Redevelopment Opportunity to acquire a fully entitled 4.24-acre portfolio, approved for 228 units with a total Gross Building Area (GBA) of 220,000 SF. This offering includes (Parcel 1) 1.34 acres with 53 units approved under a Specific Plan (SP). GBA: 90,000 SF. (Parcel 2) 2.90 acres with 175 units approved under Mixed-Use Multi-Family (MUL-A) zoning. GBA: 130,000 SF. Metro's collective approval allows for up to 228 units across both parcels, with a combined GBA of 220,000 SF on 4.24 acres of contiguous development land. Key Highlights: 891 feet of prime road frontage along Charlotte Pike. No sidewalk requirement on Charlotte Pike—a significant cost-saving advantage. Located within a major retail corridor featuring Walmart, Lowe's, Target, Dick's Sporting Goods, and more, all within a 1/2 mile radius. Directly across from the Summit West and Novel West Apartments. Entitlements: Parcel 1 (SP): Approved on October 22, 2022. Parcel 2 (MUL-A): Approved on August 15, 2023.
Features of 7220 Charlotte Pike
| MLS® # | 2688834 |
|---|---|
| Price | $8,650,000 |
| Bathrooms | 0.00 |
| Acres | 4.24 |
| Year Built | 1958 |
| Type | Commercial Sale |
| Sub-Type | Unimproved Land |
| Status | Active |
Community Information
| Address | 7220 Charlotte Pike |
|---|---|
| City | Nashville |
| County | Davidson County, TN |
| State | TN |
| Zip Code | 37209 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Roof | Shingle |
|---|
Additional Information
| Date Listed | August 7th, 2024 |
|---|---|
| Days on Market | 229 |
| Zoning | SP & MULA |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | NextHome Music City Realty |
|---|---|
| Contact Info | 6157393000 |