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Listed by David Binkley • Compass
$520,000
Est. payment /mo
7,405 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Woodbine
MLS Listing ID 3309334
HOA Y/N No
Annual Tax Amount $4,367
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 50 X 150
Property Description
338 Whitsett Avenue presents a well-positioned development opportunity consisting of two lots totaling approximately 0.38 acres with RM20-A-N5 zoning. Offering an attractive cost basis for an eight-unit project with the flexibility to pursue a lower-density approach, the property is well suited for developers and investors looking to capitalize on one of Nashville's fastest-growing corridors.
Supporting the area's momentum, new construction homes built in 2023 or later have averaged approximately $292 per square foot over the past year while selling in an average of just 26 days, demonstrating strong demand for quality new construction in the immediate area.
The property also offers exceptional site accessibility with approximately 82 feet of Whitsett Avenue frontage, 162 feet of side alley frontage, and rear alley access, providing multiple points of ingress and egress that can simplify site planning, construction logistics, and future access.
The site's versatility is one of its greatest strengths. While the current development concept is designed for eight residences, the property can easily be adapted to accommodate four larger homes with more generous yard space or even a boutique two-home development, allowing buyers to tailor the project to their investment strategy and target buyer.
To help accelerate the development process, the seller has already completed substantial pre-development work. Development documents are available upon request and include a boundary survey, water infiltration test, proposed site plans, architectural concepts, and floor plans. The current concept features eight residences, each designed with four bedrooms, three and one-half bathrooms, and an attached two-car garage, providing a strong starting point while preserving design flexibility.
Positioned along the rapidly evolving Nolensville Road corridor, the property is just minutes from Wedgewood-Houston, Chestnut Hill, GEODIS Park, downtown Nashville, and I-65.
Supporting the area's momentum, new construction homes built in 2023 or later have averaged approximately $292 per square foot over the past year while selling in an average of just 26 days, demonstrating strong demand for quality new construction in the immediate area.
The property also offers exceptional site accessibility with approximately 82 feet of Whitsett Avenue frontage, 162 feet of side alley frontage, and rear alley access, providing multiple points of ingress and egress that can simplify site planning, construction logistics, and future access.
The site's versatility is one of its greatest strengths. While the current development concept is designed for eight residences, the property can easily be adapted to accommodate four larger homes with more generous yard space or even a boutique two-home development, allowing buyers to tailor the project to their investment strategy and target buyer.
To help accelerate the development process, the seller has already completed substantial pre-development work. Development documents are available upon request and include a boundary survey, water infiltration test, proposed site plans, architectural concepts, and floor plans. The current concept features eight residences, each designed with four bedrooms, three and one-half bathrooms, and an attached two-car garage, providing a strong starting point while preserving design flexibility.
Positioned along the rapidly evolving Nolensville Road corridor, the property is just minutes from Wedgewood-Houston, Chestnut Hill, GEODIS Park, downtown Nashville, and I-65.
Location
State TN
County Davidson County
Zoning Res
Interior
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Private Pool false
Building
Lot Description Level
Sewer Public Sewer
Water Public
Schools
Elementary Schools John B. Whitsitt Elementary
Middle Schools Cameron College Preparatory
High Schools Glencliff High School
Others
Senior Community false
Special Listing Condition Standard
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Agent | License ID: TN License #: 377474
Agent License ID: TN License #: 377474
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