Multi-Family
134 N Russell Street
134 N Russell St, Portland, TN 37148
Listing Price: $840,000
Investment Overview
Marcus & Millichap has been selected to exclusively market for sale 134 N Russell Street, a 42-lot shovel-ready townhome community, located in Portland, TN. This offering will allow a potential investor to purchase a development site in the growing Nashville MSA.
The 134 N Russell Street development presents investors with a rare opportunity to acquire a well-located, shovel-ready multifamily development site in the growing city of Portland, Tennessee. Situated just 40 minutes north of downtown Nashville, these strategically positioned parcels benefit from strong regional demand drivers, access to major employment corridors, and proximity to rapidly expanding residential communities.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
134 N Russell Street
Investment Highlights
- Fully approved shovel-ready 42-Lot townhome subdivision ready for residential development
- Fully entitled and zoned for multifamily development, allowing up to 42 units across approximately 6.23 acres. The city has approved plans for construction, including water and sewer infrastructure
- Just off I-65, providing seamless access to the Nashville MSA and regional employers, including those in nearby Gallatin, White House, and Franklin, KY
Exclusively Listed By
Financing By
Listing Price: $840,000
Investment Highlights
- Fully approved shovel-ready 42-Lot townhome subdivision ready for residential development
- Fully entitled and zoned for multifamily development, allowing up to 42 units across approximately 6.23 acres. The city has approved plans for construction, including water and sewer infrastructure
- Just off I-65, providing seamless access to the Nashville MSA and regional employers, including those in nearby Gallatin, White House, and Franklin, KY
Investment Overview
Marcus & Millichap has been selected to exclusively market for sale 134 N Russell Street, a 42-lot shovel-ready townhome community, located in Portland, TN. This offering will allow a potential investor to purchase a development site in the growing Nashville MSA. The 134 N Russell Street development presents investors with a rare opportunity to acquire a well-located, shovel-ready multifamily development site in the growing city of Portland, Tennessee. Situated just 40 minutes north of downtown Nashville, these strategically positioned parcels benefit from strong regional demand drivers, access to major employment corridors, and proximity to rapidly expanding residential communities. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
Exclusively Listed By
Financing By
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