1241 2nd Ave S, Nashville, TN 37210, Nashville, 37210 - 4 bed, 2 bath
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This property presents a Strong Value Opportunity with a List Price of $289,900—positioned well below the $264,971 Fair Market Value by -9%. While the structure is a Condition Rating 6 tear-down, the Prime Development Potential in the 37210 zip code offers a clean slate for new construction near downtown Nashville. The small lot size requires careful planning, but the strategic location ensures long-term demand. This is a high-reward acquisition ideal for Residential Developers or Experienced Investors seeking a strategic urban infill project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1241 2nd Ave S Subject | $289,900* List Price | 4 | 2 | 964 | $275 | - |
A 19 Garden St Sold | $250,000 | 2 | 1 | 784 | $319 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property was built in 1939 (over 80 years old) and is explicitly described in the MLS data as a 'tear down' and 'development property,' indicating it is unlivable and valued for the land.
Marketed explicitly as a tear-down, this property offers a clean slate for investors or builders to capitalize on the high demand for new construction in Nashville's urban core.
With a list price under $300,000, this property provides a low-cost entry point into a rapidly appreciating market compared to the high prices of finished homes in the area.
Situated in the 37210 zip code, the property is conveniently located near downtown Nashville, GEODIS Park, and the trendy Wedgewood-Houston neighborhood, ensuring strong future resale value.
The existing 1939 residence is classified as a tear-down, requiring the buyer to assume the immediate additional expenses and permitting hurdles associated with demolition.
At only 3,920 square feet, the small lot size significantly restricts the building footprint and may limit the scale or type of development allowed under local zoning ordinances.
Tear down. Good development property.
No exterior & parking available.
Grades PK-4 • 2.5 mi
Grades 9-12 • 3.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 964 | 2,093.129 |
| Lot Size | 3,920 | 10,890 |
| Price | $289.9K | $568.3K |
| Price per sq ft | $301 | $307 |
| Built year | 1939 | 1971 |
| HOA | $0 | $137 |
| Days on market | 22 | 69 |
Aug 18, 2026
$289,900
Initial Listing