601 Medical Park Drive

Madison, TN 37115

$4,000,000
Price
259,182 / 5.95
Lot Size / Acres

Description

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...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
  1. Listed by Dean Nelson • eXp Realty • 6159877536

Property Details for 601 Medical Park Drive

Subdivision Name
Larkin Springs Short Term Rentals
View
City
Waterfront
No

Location

Listing Courtesy of eXp Realty, Dean Nelson (615.987.7536)
Add your commute
LISTING UPDATED: 05/09/2024 09:16 PM

Property Details for 601 Medical Park Drive

StatusActive
MLS #2652335
Days on Market12
Taxes$3,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size5.95 AC
CountyDavidson County

Location

Listing Courtesy of eXp Realty, Dean Nelson (615.987.7536)
Add your commute

Building Information for 601 Medical Park Drive

Lot Size5.95 AC

Payment Calculator

$22,080 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,830

Property Taxes

$250

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 601 Medical Park Drive

Summary
Location and General Information
  • Directions: It's 4 miles from The Home Depot in East Nashville to the property, Go Gallitan Pike 3.3 miles out of East Nashville Toward Madison Tn, Turn Right on Neely's Bend go 1.6 miles , Turn Left on Larkin Springs, Land is Half a mile down on the right
  • Elementary School: Neely's Bend Elementary
  • High School: Hunters Lane Comp High School
  • Middle Or Junior School: Madison Middle
  • Mlg Can View: Yes
  • Topography: CORNR
  • Zoning: MUL-A
  • Road Frontage Type: City Street
Taxes and HOA Information
  • Condo Coop Association YN: No
Property
Lot Information
  • Current Use: Unimproved
  • Lot Features: Corner Lot
  • Lot Size Source: Survey
  • Lot Size Units: Acres
  • Road Surface Type: Asphalt
  • Lot Size Area: 5.95
Property and Assessments
  • Documents Count: 0
  • Possession: Close Of Escrow
Utilities
  • Cooling: No
  • Heating: No
  • Sewer: Public Sewer
  • Utilities: Water Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Attached Garage: No
  • Exterior Features: No Dock
  • Pool Private: No
  • View YN: Yes

Property History for 601 Medical Park Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 601 Medical Park Drive

Taxable ValueLand$46,080Additions-Total$46,080
Tax Record2023$1,346 ($112 / month)
Home Facts
Lot Size83,635 SqFtStyleCommercialZoningOGCountyDAVIDSONAPN052-03-0-191-00

Schools near 601 Medical Park Drive

This home is within Davidson County.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Charter - K to 4
Rating
School
Distance
Neely's Bend Elementary School
PublicPK to 4

Gra-Mar Middle School
Public5 to 8

Hunters Lane Comp High School
Public9 to 12

Smithson Craighead Academy
CharterK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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601 Medical Park Drive is a 5.95 ac of land for sale in Madison, TN 37115. This property was listed for sale on May 7, 2024 by eXp Realty, it's currently listed at $4,000,000. It has been on the market for a total of 12 days and was last sold on September 2, 2016. This listing's school district is Davidson County. Nearby schools include Neely's Bend Elementary School, Gra-Mar Middle School and Hunters Lane Comp High School. 601 Medical Park Drive is a 0-bed, 0-bath, 5.95 ac of land on a 259,182 sq. ft. / 5.95 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty, Dean Nelson (615.987.7536)

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