This 0.49-acre infill development opportunity in Green Hills, is positioned for two new-construction HPRs (buyer to verify). The lot is approximately 21,344 SF with 111 feet of frontage on Lone Oak Rd and an estimated 200-foot depth. Existing structure conveys as-is, with the property marketed and priced for land value only.Site topography reflects an approximate 6% grade, dropping roughly 12 feet from the street to the rear boundary, providing a manageable slope for modern two- or three-story products and facilitating drainage and rear-yard usability. Both adjacent parcels have already been redeveloped as HPRs, indicating favorable precedent for similar density and use on this tract.Within the past 7 months, newly constructed luxury HPRs within a 1-mile radius have fetched an average of roughly $2.125M, supporting strong exit pricing for well-executed luxury units at this location.
Listed By
Agency Name: Corcoran Reverie
Agency Phone: 6152507880
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Estimated Payment
$ 4,500.77 per month $3,338.35 Principal & Interest $724.92 Property Tax $437.50 Homeowner's InsuranceCrye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
4307 Lone Oak Rd | MLS# 3121514
This land located at 4307 Lone Oak Rd, Nashville, TN 37215 is currently listed for sale with an asking price of $1,500,000. The property has approximately 0.49 Acres. Search Nashville real estate on www.clhomes.com today.