About 601 Medical Park Dr
This Property combined 3 Parcels of Raw Land ONLY ( MUL-A ZONING ) which has NO restrictions on building 70 separate units of NON OWNER OCCUPIED SHORT TERM RENTALS or STR's or you could build Apartments with this current zoning. The plans are fully approved by Metro for 70 units of Townhomes. PLUS there are 3 parcels to build single family homes that cannot be Short Term Rentals . For a Total of 73 units. (70 Townhomes and 3 single family homes )on all 3 parcels. We have all engineered drawings from Dale and Associates. We also have bids from our dirt and infrastructure contractors and bids to construct the vertical buildings. From those bids we feel the cost will be105k per build ready pads (built in 4 separate phases) that includes the land and infrastructure. #1 Phase is 17 Units. This is an extremely different kind of land because land zoned MUL-A is normally apartment developments. I would possibly consider a partnership/JV
Features of 601 Medical Park Dr
| MLS® # | 2652335 |
|---|---|
| Price | $4,000,000 |
| Bathrooms | 0.00 |
| Acres | 5.95 |
| Type | Land |
| Status | Active |
Community Information
| Address | 601 Medical Park Dr |
|---|---|
| Subdivision | Larkin Springs Short Term Rentals |
| City | Madison |
| County | Davidson County, TN |
| State | TN |
| Zip Code | 37115 |
Amenities
| Utilities | Water Available |
|---|---|
| View | City |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Corner Lot |
|---|
School Information
| Elementary | Neely's Bend Elementary |
|---|---|
| Middle | Madison Middle |
| High | Hunters Lane Comp High School |
Additional Information
| Date Listed | May 7th, 2024 |
|---|---|
| Days on Market | 12 |
| Zoning | MUL-A |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | eXp Realty |
|---|---|
| Contact Info | 6159877536 |