Commercial
Lebanon, TN Commercial Development Site, 11.1 Acres
523 Hartmann Dr, Lebanon, TN 37087
Listing Price: $7,500,000
Investment Overview
These two contiguous development parcels have been re-entitled from single-family Residential to Commercial-General. The property offers 11.1 acres of level land, which includes all utilities and existing curb-cuts. The property offers over 1,300' linear feet of road frontage on Hartmann Drive and Coles Ferry Pike. There are three existing curb-cuts for access and egress. Land is in close proximity to multiple residential developments. The development site is within close proximity to the Wilson County Fair, which is now referred to as the Tennessee State Fair. This market is noted to be within the top five fastest growing communities in the state of Tennessee. The site is 26 miles from Nashville and under 3.5 miles from Interstate I-40. Current combined property taxes are $888.00/yr. The existing residential improvement is occupied and offers monthly rental fees in the amount of $1,775/month or $21,300/year. This covers any hold costs until demolition and redevelopment are done.
Lebanon, TN Commercial Development Site, 11.1 Acres
Investment Highlights
- This available land parcel is centrally located within the City of Lebanon, TN. The subject 11.1 acre commercial development site is priced to move. It is currently zoned "CG" (commercial-general).
- The development site offers a level topology. All utilities are to the site. There are three existing curb-cuts for access and egress. Land is in close proximity to multiple residential developments.
- The site is 26 miles from Nashville and only 3.5 miles from Interstate I-40. The existing residence is occupied and offers a monthly rental rate of $1,775/month. Current property taxes are $888/yr.
- The development site is within close proximity to the Wilson County Fair, which is now referred to as the Tennessee State Fair. Market is noted to be within the top five fastest growing communities in the state.
Exclusively Listed By
Listing Price: $7,500,000
Investment Highlights
- This available land parcel is centrally located within the City of Lebanon, TN. The subject 11.1 acre commercial development site is priced to move. It is currently zoned "CG" (commercial-general).
- The development site offers a level topology. All utilities are to the site. There are three existing curb-cuts for access and egress. Land is in close proximity to multiple residential developments.
- The site is 26 miles from Nashville and only 3.5 miles from Interstate I-40. The existing residence is occupied and offers a monthly rental rate of $1,775/month. Current property taxes are $888/yr.
- The development site is within close proximity to the Wilson County Fair, which is now referred to as the Tennessee State Fair. Market is noted to be within the top five fastest growing communities in the state.
Investment Overview
These two contiguous development parcels have been re-entitled from single-family Residential to Commercial-General. The property offers 11.1 acres of level land, which includes all utilities and existing curb-cuts. The property offers over 1,300' linear feet of road frontage on Hartmann Drive and Coles Ferry Pike. There are three existing curb-cuts for access and egress. Land is in close proximity to multiple residential developments. The development site is within close proximity to the Wilson County Fair, which is now referred to as the Tennessee State Fair. This market is noted to be within the top five fastest growing communities in the state of Tennessee. The site is 26 miles from Nashville and under 3.5 miles from Interstate I-40. Current combined property taxes are $888.00/yr. The existing residential improvement is occupied and offers monthly rental fees in the amount of $1,775/month or $21,300/year. This covers any hold costs until demolition and redevelopment are done.
Exclusively Listed By
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