305 Coles Ferry Pike, Lebanon, TN 37087

Local realty services provided by:ERA Chappell & Associates Realty & Rental
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305 Coles Ferry Pike,Lebanon, TN 37087
$950,000
  • 1.46 Acres
  • Lots / Land
  • Active
Listed by:aly clifton
Office:volume realty
MLS#:2974332
Source:NASHVILLE

Price summary

  • Price:$950,000

About this home

***SELLER IS ACCEPTING BACKUP OFFERS*** PRIME LOT FOR DEVELOPERS *** Zoned R2 High Density Residential and approved for up to 18 units for ANY type of residential- Single family, townhome, multi-family, etc. LOCATED in the infill overlay area.***This is a FIVE LOT package deal, to include two vacant lots and three current properties, a quad and two triplexes, all 10 units have long-term renters paying $1,000 each. Tenants convey but will move out. Properties bringing in $10,000/month in rental income. ***Electricity, water, and sewer available and ready to go. **Two options here** OPTION 1: Keep the current properties generating 10k a month, and build up to 5 additional units. **See document attached which shows what each lot is approved for by the city*** OPTION 2: If you tear down the three homes and combine 4/5 lots, the city will approve 18 units. This is the highest amount with current zoning, but planning mentioned if it's rezoned this number could go up. **You do NOT have to go

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Home facts

  • Listing Id #:2974332
  • Added:1 day(s) ago
  • Updated:August 15, 2025 at 08:45 PM

Structure and exterior

  • Lot area:1.46 Acres

Schools

  • High school:Lebanon High School
  • Middle school:Walter J. Baird Middle School
  • Elementary school:Coles Ferry Elementary

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$950,000
  • Tax amount:$920
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